Jul 23, 2026 · 2:51 AM
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Jack Mallers quits Twenty One Capital as its stock hits a record low and Tether's merger collapses
BUSINESS ★ FEATURED
Jack Mallers quits Twenty One Capital as its stock hits a record low and Tether's merger collapses
Jack Mallers stepped down as CEO of Twenty One Capital on July 20, 2026, citing an unresolved strategy rift with the board. XXI shares dropped as much as 18% to a record low, and Tether's proposed three-way merger with Strike and Elektron Energy has collapsed, with Strike now fully withdrawn from the deal.
Julian Lim
5 min read
519 reads
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