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Chaos at Twenty One Capital: CEO Quits, Major Bitcoin Merger Dies, Stock Tanks
Twenty One Capital (XXI) stock dropped nearly 10% following CEO Jack Mallers’ exit and the cancellation of its planned Strike merger.
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8-K filing — Twenty One Capital, Inc. (XXI)
Filed: 2026-08-31 AccNo: 0001213900-26-095339 Size: 5 MB Item 8.01: Other Events Item 9.01: Financial Statements and Exhibits
Shares of crypto-linked companies are trading higher amid a rise in Bitcoin after President Trump urged Congress to pass the Clarity Act and said the Commodity Futures Trading Commission Chair Michael Selig is working to bring Hyperliquid to the U.S.
Shares of financial services companies are trading lower as surging oil prices and Treasury yields weigh on sentiment, with the 10-year U.S. Treasury yield climbing to its highest level since January 2025. Rising yields and energy prices have fueled inflation concerns, reinforcing expectations that interest rates will remain elevated and raising concerns about slower loan demand and economic growth.