Twenty One Capital shares rise as Tether pushes merger with Strike, Elektron
Tether proposes merging Twenty One Capital with Strike and bitcoin miner Elektron Energy in a two-stage deal. XXI shares jumped 6.6% after the announcement Wednesday. The combined entity would operate bitcoin mining, trading, and financial services, positioning it as a listed bitcoin platform. Tether, XXI's majority shareholder, backs the proposal. No direct India angle disclosed.
Coins in this story
Explore how Funding is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Jack Mallers' Twenty One Capital surges after majority holder Tether proposes 3-way merger
Tether has proposed merging its majority-held Twenty One Capital with Strike and Elektron Energy, creating a unified bitcoin platform combining treasury, mining, financial services, and lending. XXI shares surged 8% post-announcement. The deal would position the combined entity as a premier listed bitcoin company, expanding beyond treasury holdings into recurring revenue operations and long-term bitcoin accumulation.
Wasabi Protocol drained for $4.5 million in apparent admin key compromise
The exploit used a similar playbook as Drift's $285 million breach earlier this month — a compromised deployer key with no timelock or multisig that resulted in a drain of funds....
Crypto becomes most muted topic on X, and AI slop may be the culprit
Crypto has become the most-muted topic on X since the platform launched its snooze feature, with AI-generated spam and InfoFi posting likely driving users to tune it out....