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

Ark Invest's Cathie Wood says bitcoin will thrive amid ‘deflationary chaos’ created by AI and innovation

Exponential tech will force down prices and stress legacy finance, for which bitcoin offers a trustless alternative, said Wood at Bitcoin Investor Week.

Ark Invest CEO Cathie Wood in a conversation with Procap Financial CEO Anthony Pompliano at the Bitcoin Investor Week in New York. (CoinDesk)

Markets

Bitcoin sinks below $66,000 as crypto prices follow U.S. stocks lower

Coinbase and Robinhood are down big again today as the crypto bear market pressures trading volumes.

A bear

Finance

Asia leapfrogging the West in onchain retail use as regional hubs lead on stablecoin rules

Experts at Consensus Hong Kong said regional focus on user utility and stablecoin regulation is driving adoption.

The Unseen Playbook panel at Consensus Hong Kong (CoinDesk)

Finance

Crypto industry experts at Consensus see Asian institutions pivot toward stablecoins

Panelists at the conference discussed how regulatory progress in Hong Kong and Japan creates a structured path for capital allocation.

Consensus Hong Kong

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Finance

Bitcoin layer-2 builders pitch BTCFi as the next institutional unlock

Leaders from Citrea, Rootstock Labs and BlockSpaceForce argued that bitcoin’s scaling layers are less about throughput and more about turning the asset into a programmable financial base layer.

Bitcoin layer-2 builders at Consensus Hong Kong 2026 (CoinDesk)

Finance

From stablecoins to biotech: Why YZi Labs is betting on things that haven't happened yet

Ella Zhang of YZi Labs says her firm invests in founders building what doesn’t yet exist, guided by first principles and long-term conviction across AI, biotech and Web3.

Ella Zhang, head of YZi Labs, at Consensus Hong Kong 2026 (CoinDesk)

Finance

Espresso network launches ESP token with 10% airdrop amid Ethereum layer-2 debate

The network transitioned to proof-of-stake and coincides with the rollout of the ESP token, which is used for staking, securing the network and protocol participation.

(Kris Gerhard/Unsplash)

Finance

How CertiK rebuilt trust after Huione-related backlash

The cybersecurity firm has "no concrete plans" for an IPO despite reports to the contrary last month.

CertiK CEO Ronghui Gu (CertiK)

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Policy

U.S. DOJ hits Paxful for $4 million in case tied to illegal sex work, money laundering

The crypto platform's penalty was sharply reduced due to its ability to pay, according to U.S. authorities.

The U.S. Department of Justice grabbed another of the men it alleges moved billions in criminal money at BTC-e.  (Jesse Hamilton/CoinDesk)

Finance

Hong Kong remains committed to digital assets but feels competition from an ‘aggressive’ UAE

Dubai and Abu Dhabi have established a solid regulatory framework for virtual assets, and each region has brought this under the auspices of a single, dedicated regulatory authority.

From left to right, Johnny Ng, founder of web3 investment firm Goldford; Joseph Chan, under secretary for financial services and the Treasury in Hong Kong; Gary Liu, co-founder & CEO Terminal 3 (moderator)