Stephen Alpher

Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

Stephen Alpher

Latest from Stephen Alpher


Finance

Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them

Exchanges are racing toward blockchain-based equities and 24/7 trading. Institutions, however, fear liquidity and funding risks.

CoinDesk

Markets

The math behind Strategy’s path to 1 million bitcoin by the end of 2026

The largest publicly traded corporate holder of bitcoin would need to buy roughly 6,158 BTC per week, about $523 million, to reach the milestone by Dec. 31.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Markets

Bitcoin quickly drops 3.5% as fresh Iran escalation short-circuits crypto rally

Surging to a near one-month high of $74,000, bitcoin reversed back to just above $71,000 as news of U.S. military movements in the Middle East rattled risk assets.

Bitcoin (BTC) price on March 13 (CoinDesk)

Markets

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

(Sandali Handagama/ CoinDesk)

Advertisement

Markets

Bitcoin rises to one-month high of $73,800, continuing to outperform since start of Iran war

Falling oil prices are helping, but a bounce seemed in the cards after some of the worst sentiment in bitcoin's history.

Bitcoin (BTC) price on Friday (CoinDesk)

Markets

Vitalik Buterin recounts how shiba inu tokens became a $1 billion AI policy war chest

The Ethereum co-founder said he expected the Future of Life Institute to cash out $10-25 million from his 2021 meme coin donation. It liquidated roughly $500 million and pivoted to political advocacy he worries could lead to "authoritarian" outcomes.

A Shiba inu, the dog breed that inspired both DOGE and SHIB, is getting a ride in cryptocurrency markets. (Unsplash, modified by CoinDesk)

Markets

Bitcoin climbs to near $72,000 after Treasury Secretary Bessent attempts to calm oil fears

Bessent said the U.S. Treasury Department will provide temporary authorization to allow countries to purchase Russian oil currently in transit.

Oil tanker at sea. (Gerhard Traschütz/Pixabay)

Markets

Bitcoin holds $70,000 level as surging oil prices and credit issues have stocks tumbling

U.S. President Trump said stopping Iran is more of a concern than oil prices, as crude climbed 10% on Thursday.

CoinDesk

Advertisement

Markets

Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Tech

Lido launches stablecoin yield product to expand beyond ether

The goal is to make it easier for users to earn returns on crypto without having to choose or manage strategies themselves.

Crypto custodians are increasingly mindful of how stored tokens should be used in governing DeFi protocols. (Credit: NYPL)