CoinDesk
Merger Collapse: Jack Mallers Steps Down as XXI Capital CEO After Failed Tether-Linked Deal
July 21, 2026•09:42 AM
A major consolidation attempt in the Bitcoin ecosystem has hit a dead end. Jack Mallers has officially stepped down as CEO of XXI Capital following the collapse of a high-stakes three-way merger involving Strike, Elektron Energy, and Twenty One Capital, a deal intended to reshape the intersection of energy and digital payments.
The abandonment of this strategic merger marks a significant setback for the expansion plans previously linked to Tether's broader interests. As the industry processes the fallout, the focus shifts to how the departure of Mallers and the failure of this integration will influence the future of Bitcoin infrastructure and the competitive landscape of global payment networks.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
Read Full Article at CoinDesk⚡
Support Jornal Bitcoin
Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.
Wallet of Satoshi
jonata@walletofsatoshi.comDaily Crypto Brief 📬
Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.
Join more than 10,000 smart readers.
Related News
CryptoSlate★ Featured
The $1.2 Billion Options Wall Has Collapsed, and Bitcoin is Finally Moving
The massive derivative barrier that kept Bitcoin trapped has finally crumbled. The expiration of roughly $1.2 billion in options contracts has cleared the dense cluster of exposure that was pinning the price between $60,000 and $65,000, effectively breaking the market's stagnation.
This removal of the 'options wall' fundamentally shifts the landscape for market dealers who were previously hedging by buying dips and selling rallies. With this massive liquidity constraint gone, Bitcoin is showing renewed momentum, suggesting that the period of artificial price suppression has come to an end.
This removal of the 'options wall' fundamentally shifts the landscape for market dealers who were previously hedging by buying dips and selling rallies. With this massive liquidity constraint gone, Bitcoin is showing renewed momentum, suggesting that the period of artificial price suppression has come to an end.
01:30 PMRead Brief →
Bitcoin Magazine★ Featured
Crypto Clarity Act Nears Finish Line: U.S. Treasury Signals Imminent Breakthrough
The landscape for digital assets in the United States is on the verge of a massive shift. Senate negotiators report that the 'Clarity Act' is 'almost there,' with Treasury Secretary Scott Bessent placing the legislation at the '1-yard line,' indicating that a final vote is imminent.
Lawmakers are currently racing to pass this critical crypto market-structure bill before the upcoming August recess. The successful implementation of the Clarity Act is expected to provide the legal certainty required for mass institutional adoption and long-term stability in the Bitcoin ecosystem.
Lawmakers are currently racing to pass this critical crypto market-structure bill before the upcoming August recess. The successful implementation of the Clarity Act is expected to provide the legal certainty required for mass institutional adoption and long-term stability in the Bitcoin ecosystem.
01:21 PMRead Brief →
CoinDesk★ Featured
Claude's Fabel 5 Solves 87-Year-Old Math Mystery: Why Bitcoin Markets Are Watching
Claude Fabel 5 has officially made history by disproving the Jacobian conjecture, a mathematical enigma that has stood unsolved for 87 years. This breakthrough highlights the escalating cognitive capabilities of advanced AI, moving beyond simple text generation into the realm of pure mathematical discovery.
This milestone arrives at a volatile junction for the crypto industry, following reports that China's Kimi AI has become a dominant force driving Bitcoin market movements. As AI models solve complex proofs, their ability to influence Bitcoin price action and market sentiment becomes an increasingly critical factor for institutional investors.
This milestone arrives at a volatile junction for the crypto industry, following reports that China's Kimi AI has become a dominant force driving Bitcoin market movements. As AI models solve complex proofs, their ability to influence Bitcoin price action and market sentiment becomes an increasingly critical factor for institutional investors.
01:19 PMRead Brief →
CryptoPotato★ Featured
Bull Alert: Bitcoin Triggers 3 Rare Signals That Previously Marked Market Bottoms
Bitcoin has just activated an extremely rare technical setup, replicating monthly chart patterns that coincided with the market bottoms of 2015, 2019, and 2022. This price action suggests the asset may be approaching a critical accumulation zone, signaling a potential trend reversal for long-term investors.
Analysts note that the convergence of these historical technical indicators could mark the end of a bearish phase and the beginning of a new bullish cycle. If the pattern repeats faithfully, the current Bitcoin market structure presents a high-conviction entry opportunity based on proven market cycles.
Analysts note that the convergence of these historical technical indicators could mark the end of a bearish phase and the beginning of a new bullish cycle. If the pattern repeats faithfully, the current Bitcoin market structure presents a high-conviction entry opportunity based on proven market cycles.
01:05 PMRead Brief →
CryptoSlate★ Featured
End of an Era: Jack Mallers Exits Twenty One as Bitcoin Treasury Pressure Mounts
The crypto payment infrastructure landscape is shifting as Jack Mallers departs from Twenty One. Following the conclusion of the strategic tie-up with Strike, the company enters a high-stakes transition period that tests its operational direction.
Raphael Zagury now inherits a massive Bitcoin balance sheet and a daunting mandate. The core challenge lies in proving that a heavy Bitcoin treasury can effectively support a durable business model amidst ongoing market fluctuations.
Raphael Zagury now inherits a massive Bitcoin balance sheet and a daunting mandate. The core challenge lies in proving that a heavy Bitcoin treasury can effectively support a durable business model amidst ongoing market fluctuations.
01:00 PMRead Brief →
NewsBTC
Game Changer: New CFTC Self-Reporting Guidelines Could Reshape Crypto Enforcement
The Commodity Futures Trading Commission (CFTC) is rolling out new self-reporting guidelines that could fundamentally redefine regulatory compliance in the digital asset space. This strategic shift aims to incentivize transparency, allowing crypto firms to proactively disclose violations to mitigate harsher enforcement actions.
This development marks a significant pivot in how crypto enforcement incentives are structured. By rewarding voluntary disclosure, the CFTC is attempting to foster a culture of accountability, potentially reducing the long-term legal volatility that has plagued the cryptocurrency market.
This development marks a significant pivot in how crypto enforcement incentives are structured. By rewarding voluntary disclosure, the CFTC is attempting to foster a culture of accountability, potentially reducing the long-term legal volatility that has plagued the cryptocurrency market.
12:45 PMRead Brief →
