Major Web3 Investor Shima Capital Shuts Down Following SEC Fraud Claims


Shima Capital is shutting down after the Securities and Exchange Commission accused founder Yida Gao of inflating his track record to defraud investors. Founder Departure and Fund Resignation Shima Capital, once one of the most prolific early-stage investors in the Web3 space, has begun a formal...

Tether Invests $8 Million in Speed to Advance Lightning Network Payments


Tether leads strategic funding round for Speed, supporting Lightning Network and stablecoin-powered global payment infrastructure. Tether announced on December 16, 2025, a strategic $8 million investment in Speed1, Inc., a payments infrastructure company leveraging the Lightning Network...

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