Tether Fills Audit Committee Seat at Twenty One Capital

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Audit Committee Appointment: Tether International has appointed an independent director to fill the vacant seat on Twenty One Capital's audit committee, ensuring compliance with SEC and NYSE standards, thereby enhancing the independence and effectiveness of the company's financial oversight.
Equity Control Shift: On May 20, Tether acquired 89.1 million shares of XXI from SoftBank for approximately $711 million, gaining majority control and resulting in the departure of SoftBank's board members, which created a vacancy on the audit committee.
Merger Prospects: Tether has proposed a merger of Twenty One Capital with Jack Mallers' payment company Strike and mining firm Elektron Energy, aiming to create a vertically integrated Bitcoin business encompassing treasury management, payments, lending, and mining operations, which is expected to strengthen market competitiveness.
Governance Challenges: The merger plan faces governance hurdles, as Jack Mallers serves as CEO of both Twenty One Capital and Strike, potentially leading to conflicts of interest that will require special review and a vote by minority shareholders to proceed.

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Technical Analysis for STRK

Technical Sentiment Analysis for Starknet (STRK). As of , Starknet (STRK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STRK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, STRK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Starknet (STRK) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0202	0.0248	0.0304	0.035	0.0406	0.0452	0.0508
Fibonacci	0.0248	0.0287	0.0311	0.035	0.0389	0.0413	0.0452

About STRK

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.StarkNet Contracts and the StarkNet OS are written in Cairo – supporting the deployment and scaling of any use case, whatever the business logic.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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