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Tether's Three Crypto Companies Merger Falls Through, Mallers Steps Down as Twenty One Capital CEO

2026.07.21 - 11:51

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TechFlow news, July 21, according to Bloomberg, the planned three-way merger between Tether's Twenty One Capital, Strike, and Elektron Energy has been terminated. Jack Mallers, CEO of both Twenty One Capital and Strike, has stepped down from his position at Twenty One Capital, succeeded by Elektron CEO Raphael Zagury.

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