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Crypto Breaking News

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Bloomberg

Sfakianakis: Iran Tests US Resolve in Hormuz

Iran and the United States traded tit-for-tat attacks over the weekend, with both sides issuing conflicting declarations on whether the Strait of Hormuz is open for shipping. John Sfakianakis, Chief Economist and Head of Research at the Gulf Research Center, told Abeer Abu Omar on Horizons Middle East and Africa that return to a full scale-war is a possibility but we are "not yet" there.

Read more: Sfakianakis: Iran Tests US Resolve in Hormuz
Bloomberg

Bahoshy: Mideast Venture Funding Plunges in 1H

Private capital data platform, Magnitt, says Middle East venture funding fell 22% in the first half of the year, with actual deal count plunging by 41%. Many of the deals were signed before the US-Israel attacks on Iran. CEO Philip Bahoshy told Abeer Abu Omar on Horizons Middle East and Africa that the real test will hit this summer.

Read more: Bahoshy: Mideast Venture Funding Plunges in 1H
Bloomberg

SK Hynix Shares Slump in South Korea After US Listing

SK Hynix shares declined in Seoul on Monday after the memory chipmaker's highly-anticipated US trading debut. The company's $26.5 billion US offering was closely watched as a test of demand for overseas offerings as well as for the longevity of the artificial intelligence rally. Bloomberg's Neil Campling reports.

Read more: SK Hynix Shares Slump in South Korea After US Listing