Svmuu News: Stablecoin issuer Tether International announced that the Twenty One Capital board of directors has appointed Raphael Zagury as the new CEO of Twenty One Capital. Zagury currently serves as CEO of Elektron Energy and is a member of the Twenty One Capital board of directors.
Current CEO Jack Mallers will step down and focus full-time on Strike. Both parties are working to ensure an orderly handover of responsibilities to maintain continuity during the leadership transition.
Twenty One Capital and Strike have determined that Strike is better suited to operate as an independent business, and the two parties are no longer considering a merger. Twenty One Capital stated that it will disclose more information about its future strategy and direction in the coming months.