Jack Mallers steps down as CEO of Twenty One Capital

Jinse Finance reported on July 21 that, according to Bloomberg, the planned merger of the crypto companies Twenty One Capital, Strike, and Elektron Energy has been terminated. Jack Mallers, CEO of Twenty One Capital and Strike, has resigned as CEO of Twenty One Capital; Raphael Zagury, CEO of Elektron Energy, will take over the role. The report noted that the three companies previously planned to integrate their businesses with the support of Tether, but the deal has now fallen through, and Zagury will manage the related business lines of Twenty One Capital.