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 Exchange Gemini Aims for $2.22B Valuation in U.S. IPO, Seeking to Raise $317M

The Winklevoss-led company plans to sell 16.67M shares at $17–$19 each, tapping a hot IPO market.

Tyler and Cameron Winklevoss (Jesse Hamilton/CoinDesk)

Markets

Strategy’s Equity Shift Is No Retreat From Bitcoin Strategy, Benchmark Says

Analyst Mark Palmer reiterated his buy rating and $705 price target on the Michael Saylor-led company, which is more than a double from current levels.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Finance

BitMine Immersion Boosts Ether Holdings to $8.1B, With $623M in Cash for More Purchases

Led by Tom Lee, the company aims to control 5% of ether's supply, positioning itself as the largest listed ETH treasury firm.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

Markets

Strategy Added Another 4,408 Bitcoin for $450M Last Week

Led by Michael Saylor, the company bitcoin stack has grown to 636,505 coins worth about $70 billion.

Strategy Executive Chairman Michael Saylor in 2021 (Photo by Joe Raedle/Getty Images)

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Markets

Bitcoin's Rough August Wiped Out Summer Rally; What September Might Bring

There's not an unlimited pool of capital available for crypto, and ether attracted the big money this month.

August

Finance

Web3 Funding Hit $9.6B in Q2 Despite Fewer Deals

Venture capital is consolidating into larger, higher-conviction bets, with infrastructure projects leading the way, according to Outlier Ventures

16:9 Market growth, surge, rally(Mediamodifier/Pixabay)

Markets

Crypto ETF Surge Could Reshape Market, but Many Products May Fail

Regulators have the power to approve the products — currently over 90 of them filed with the SEC — but investors will decide which ones will thrive.

(Michael M. Santiago/Getty Images)

Markets

Flare Lands Second Public Company for Its XRP DeFi Framework

Combined with Firelight, Flare’s restaking layer, the setup lets companies convert XRP into FXRP and allocate it across decentralized lending, staking and liquidity protocols.

Rolls of dollar bills of varying denominations. (NikolayFrolochkin/Pixabay)

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Markets

Bitcoin Hammered Below $109K as Conference Indicator Strikes Again

Negative price action around the annual U.S.-based Bitcoin Conference has been well-documented, but it also appears to have applied to this week's Bitcoin Asia get-together.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

Markets

Bitcoin Miner IREN's AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord

The broker noted IREN's recent designation as an NVIDIA preferred partner, which came almost simultaneously with the announcement of the purchase of an additional 2,400 GPUs.

Bitcoin mining machines