Jack Mallers Quits Twenty One Capital as Tether's Bitcoin Merger Collapses
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Jack Mallers is quitting Twenty One Capital, causing XXI stock to plummet nearly 18% as the company's co-founder departs. This comes as Tether's plan to merge three Bitcoin firms, a deal that was expected to significantly impact the market, has officially collapsed, leaving investors uncertain about the future of the cryptocurrency industry and its potential implications on market stability.
XXI stock dropped nearly 18% after the company's co-founder stepped down and Tether's plan to combine three Bitcoin firms officially fell apart.