Back to all news
Bitcoin

Twenty One Capital leadership change sinks XXI 14% as Tether merger unravels

The Cryptonomist·July 22, 2026·1 min read

Twenty One Capital CEO Jack Mallers stepped down on July 20, 2026, causing the XXI token to drop 14%. The departure coincided with the collapse of a three-way merger Tether had been engineering for months. Mallers stated his Bitcoin company is Strike, but the leadership change and merger unraveling sent shockwaves through the market, impacting investor confidence in the firm.

Read at The Cryptonomist
Daily crypto arcade

Read the news, then play it.

Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.

Open ChainshortsGet it on the Solana dApp Store