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

BitMine Immersion added $98 million of ether last week as losses balloon to more than $8 billion

Tom Lee's Ethereum-focused firm continues buying into the crypto market weakness, now 4.42 million ETH tokens, or about 3.66 percent of the total supply.

Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (David Paul Morris/Consensus, modified by CoinDesk)

Finance

U.S. Treasury may boost T-Bill issuance as stablecoins eye $2 trillion market cap: StanChart

The bank said stablecoins may generate up to $1 trillion in fresh Treasury bill demand by 2028, allowing the government to ramp up issuance and suspend 30-year bond auctions.

The U.S. Treasury Department. (Jesse Hamilton/CoinDesk)

Finance

Pantera leads $11.5M round in Based, a Hyperliquid-powered crypto app

The company said the fresh capital will be used to expand into new markets and build out its onchain financial infrastructure.

Paul Veradittakit of Pantera Capital at Consensus Hong Kong 2026 (CoinDesk)

Markets

Mexican billionaire Ricardo Salinas remains bullish on bitcoin after plunge

Salinas has previously said he has 70% of his liquid assets in bitcoin.

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

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Markets

Strategy logs 100th bitcoin purchase announcement, adding 592 coins last week for $39.8 million

Led by Executive Chairman Michael Saylor, the company now holds 717,722 bitcoin, purchased at an average price of $76,020 per coin, for a total of $54.56 billion.

Michael Saylor, Executive Chairman of Strategy (MSTR)

Markets

Bitcoin slides 5%, tumbling below $65,000 as whale selling grows and recent buyers lock in losses

On-chain data from Glassnode and CryptoQuant shows large holders dominating exchange inflows while short-term investors continue to sell at a loss, pointing to a fragile base-building phase.

CoinDesk

Finance

To freeze or not to freeze: Satoshi and the $440 billion in bitcoin threatened by quantum computing

As quantum computing inches closer to reality, nearly 7 million bitcoin, including Satoshi Nakamoto’s 1 million coins, are potentially at risk.

Bitcoin bus (Photo: Olivier Acuna/Modified by CoinDesk)

Finance

SportFi’s next act: onchain markets built around match-day results

An area of blockchain-based finance focused on increasing fans' engagement with sports teams, SportFi uses tokens to grant access to privileges such as limited voting rights and exclusive rewards.

Soccer fan in stadium (Damon Nofar/Pixabay, modified by CoinDesk)

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Markets

How AI is helping retail traders exploit prediction market 'glitches' to make easy money

A fully automated bot quietly captured micro-arbitrage opportunities on short-term crypto prediction markets, netting nearly $150,000

Robot girl (Gabriele Malaspina, Unsplash)

Markets

Blue Owl liquidity crisis has investors bracing for 2008-style fallout — it could mean bitcoin's next bull run

Private-equity firm Blue Owl Capital (OWL) tumbled nearly 15% this week as it was forced to liquidate $1.4 billion in assets to pay investors looking to exit one of its private credit funds.

GFC