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

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

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)

Tech

Vitalik Buterin says crypto’s most powerful idea isn't nearly ready for use

The Ethereum co-founder says indistinguishability obfuscation could one day act like a “trustless trusted third party,” but today’s versions remain far too slow for real use.

Vitalik Buterin (CoinDesk Archives)

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Tech

Live updates: bitcoin pinned to $60,000 as U.S. stocks surge higher

Stocks are about to close out their best quarter since 2020 as crypto continues to get crushed.

Shutterstock

Finance

Tether putting $23 billion gold stockpile to work with bullion-backed loans

The stablecoin issuer is extending its tokenized gold strategy by allowing holders of XAUT to borrow against their bullion, mirroring bitcoin-backed lending without selling the underlying asset.

Tether CEO Paolo Ardoino (Nikhilesh De/CoinDesk)

Markets

Strategy's valuation has fallen below the value of its bitcoin holdings

For years, investors had valued the firm well above its bitcoin holdings, giving Strategy massive flexibility to raise capital as needed — a situation Michael Saylor and team took full advantage of.

Michael Saylor in conversation with CoinDesk's James Van Straten (CoinDesk)

Markets

Aave, Solana ecosystem tokens lead crypto rebound as bitcoin steadies near $60,000

Tokenized stock trading fueled fresh momentum across the Solana ecosystem, while Aave founder hinted at token buybacks coming under new framework.

Stani Kulechov, Aave Labs (Olivier Acuna/CoinDesk)

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Policy

U.S. House Democrat, who may soon run key committee, condemns crypto in 401(k)s

Maxine Waters, the ranking Democrat on House Financial Services, asked the chief of the Department of Labor to withdraw its proposal on alternative assets.

U.S. Representative Maxine Waters (Pete Marovich/Getty Images)

Finance

Wall Street's IPO revival hasn't reached dot-com euphoria levels, Goldman Sachs says

U.S. IPO issuance has rebounded sharply in 2026, but the bank said the current surge lacks the deal volume and speculative excess that defined the dot-com era.

Wall Street street signs (Chenyu Guan/Unsplash)