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


Tech

Live markets: bitcoin bounces to $60,000 after Warsh comments, economic data

Record ETF outflows in June beat the previous worst month by 29% and came on nine consecutive days of redemptions to close the period.

Price bounce (Getty Images)

Finance

Phantom doubles down on perpetual futures with hire of Hyperliquid market builders

The crypto wallet is doubling down on perpetual futures after hiring the builders behind one of Hyperliquid's highest-profile market experiments.

Phantom CEO Brandon Millman. (Danny Nelson/CoinDesk))

Finance

Circle craters 17% as Stripe, Coinbase and BlackRock back rival stablecoin network

Open Standard's Open USD aims to let partners keep reserve income and eliminate minting fees, challenging Circle's USDC.

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

Tech

Live updates: bitcoin closes out weak quarter; Trump reports over $1 billion in crypto proceeds

IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

U.S. President Donald Trump speaking at Mar-a-Lago.

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Tech

Ripple wants institutions to borrow against tokenized assets on XRPL

A proposed XRPL standard would let institutions borrow against tokenized assets, with the blockchain enforcing loan terms while the underwriting stays with human credit teams. It still needs validator approval to go live.

Ripple reportedly raise $1B fundraise. (Shutterstock)

Finance

Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein

The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.

Crystal ball (Credit: Zhenyu LuoUnsplash/Modified by CoinDesk)

Finance

Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH

Bitmine made its smallest purchase since early May as Lee pointed to investors cutting losses before the start of the second half of the year.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Finance

JPMorgan sees limited institutional demand for perpetual futures

The bank said institutional demand for perpetual futures remains muted, with the products better suited to speculative trading than hedging.

JPMorgan Chase & Co. in London

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Markets

Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Tether's USDT jumps to 8.5% premium in India after crypto payment crackdown

Raids on crypto payment firms in Bengaluru disrupted the pipeline that feeds dollar-pegged USDT to Indian platforms, pushing its local price more than 8.5% above the dollar, roughly double the usual gap.

India's flag (Naveed Ahmed / Unsplash)