Twenty One Capital rises on proposed merger with Strike and Elektron

Burns Brief

Tether proposed that Elektron founder and CEO Raphael Zagury serve as president of the proposed merged company, while Strike's Jack Mallers would also serve in an executive role Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $ETH for reaction — a decisive move above or below key levels will confirm the next trend.