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


Markets

Crypto platform Bullish climbs past Coinbase to become third-largest crypto exchange by spot volume

The institutional-focused exchange saw spot trading jump 62% to $76 billion in February, surpassing Coinbase’s market share.

Crypto exchange Bullish goes public on the New York Stock Exchange. (Aoyon Ashraf/Modified by CoinDesk))

Markets

Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold

Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.

Horse race, gallop. (marcelkessler/Pixabay)

Finance

Ripple's share buyback program values the firm at $50 billion

Despite the bear market, today's report suggests a higher valuation than the $40 billion at which the firm raised funds in November.

Ripple CEO Brad Garlinghouse prepares to testify in the Senate (Jesse Hamilton/CoinDesk)

Markets

Bloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there

The longtime bitcoin bear's gloom-and-doom call met with fierce rebuttal from industry analysts.

(Corbis via Getty Images)

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Finance

Wells Fargo signals deeper push into crypto, filing trademark for WFUSD

The move mirrors JPMorgan's similar trademark filing that foreshadowed the bank's introduction of tokenized deposits on Ethereum layer-2 network Base.

Wells Fargo

Tech

The Protocol: Ethereum Foundation starts experimenting with ‘DVT-lite’ technology

Also: Nvidia’s rare blog, Aave liquidations, and Pudgy Penguins new game.

Blockchain Technology

Finance

Former legal executives from crypto exchange OKX unveil DeFi connectivity, risk-rating service

Shredpay targets U.S. retail and institutional users looking for ease of use and a comprehensive risk rating.

The Shredpay founding team (from right to left): Mauricio Beugelmans (CEO), Melissa Muehlfeld (president), Peter Chang (CTO)

Markets

Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline

Wednesday morning's U.S. inflation data was in line with forecasts, and markets continue to price out any chance of a Fed rate cut at either the March or April meetings.

Trading screen with price monitors and charts (Yashowardhan Singh/Unsplash)

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Markets

Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive

Strive also added to its bitcoin holdings and boosted the dividend on its own SATA preferred stock.

Strive CEO Matt Cole speaks at BTC Asia in Hong Kong (screenshot)

Markets

U.S. February CPI matches forecasts, reinforcing expectations for no near-term rate cuts

The price of bitcoin was trading at $69,500 following the news, down 1.2% over the past 24 hours.

Wooden block tiles spell out the word "inflation"