Episode Details

When Jack Mallers stepped down from Twenty One Capital (XXI), Rapha Zagury stepped in as CEO. A Wall Street veteran who ran trading desks at Merrill Lynch, Rapha later co-founded Elektron, the Tether-backed Bitcoin mining operation that grew into one of the largest mining companies in the world.

Now he joins me to explain what comes next for XXI — and to answer some of the biggest questions surrounding Tether. We discuss:

• How much of XXI Tether actually owns — and what it wants to build next
• Whether Tether's biggest critics are asking the right questions
• Why XXI is trying to become much more than a Bitcoin treasury company
• Whether Elektron will be absorbed into XXI
• What really happened at Ocean during the BIP 110 controversy

Follow Rapha Zagury on X https://x.com/RaphaZagury

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