Tether has proposed a sweeping restructuring of Twenty One Capital, seeking to merge the Bitcoin treasury firm with payments platform Strike and mining company Elektron Energy.
Shares of Twenty One Capital (XXI) surged over 6% during after-hours trading Wednesday following an announcement from majority stakeholder Tether Investments regarding a proposed three-company merger involving Bitcoin payment processor Strike and mining operation Elektron Energy.
Tether has proposed that Twenty One Capital, a NYSE-listed bitcoin treasury venture, merge with Strike and Elektron Energy.
Twenty One Capital rose after hours as Tether backed proposed mergers with Strike and Elektron to expand its Bitcoin-focused platform.
The merger could reshape the crypto landscape by consolidating financial services and mining, but market sentiment remains skeptical. Tether proposes merger of XXI, Strike, Elektron Energy into public entity.
Binance recorded $46.29 million in net USDT outflows within a single hour, according to exchange flow data. The movement, tracked through spot inflow and outflow monitoring tools, represents a notable short-term shift in stablecoin positioning on the world's largest cryptocurrency exchange by trading volume.
The Conservative and Labour parties argued Nigel Farage broke Commons rules by not declaring the £5 million, but Reform UK said it was an exempt, personal, unconditional gift.
Tether led a $14 million funding round for Belo, a payments platform using crypto rails and stablecoins for faster, cheaper transactions. Belo helps users protect savings from inflation and weak local currencies, a major issue across Latin America. The funding is important as stablecoin adoption continues rising in the region.
A USDT wallet freeze is an unpleasant situation, but not a dead end. Every freeze has a specific reason behind it — a law enforcement request, a court order, a sanctions list, or the issuer's own initiative.
Canaan Inc. landed a follow-on order from Tether for custom high-density mining hash board modules set for deployment at a Tether-affiliated facility in South America. Key Takeaways: Canaan secured a follow-on order from Tether for custom hash board modules deploying to South America in 2026.
Visa has revealed a strategic alliance with WeFi, a blockchain payments infrastructure provider, designed to bring onchain banking and payment capabilities to users worldwide.
President Donald Trump, at a Mar-a-Lago gathering of investors in his self-branded memecoin, said crypto is mainstream and banks should back off the industry's bill.