Jack Mallers steps down as XXI Capital CEO as Tether’s plans to merge three bitcoin firms falls
The proposed three-way merger between Twenty One Capital, Mallers’ Strike, and Elektron Energy has been abandoned.
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Summary
- Tether-controlled Twenty One Capital (XXI) appointed Raphael Zagury as the new CEO, replacing Jack Mallers who is returning to focus on bitcoin financial services company Strike.
- The proposed three-way merger between Twenty One Capital, Strike, and Elektron Energy has been abandoned, with Strike no longer participating.
- Twenty One Capital is now weighing a potential two-way combination with Elektron Energy as it revises its corporate strategy.
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CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters:
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
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