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

Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says

The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too high.

Ship on turbulent waters. (Pixabay)

Markets

Hyperliquid predicted 80% of oil move before traditional exchanges opened, says expert report

TD Securities says "perpetual futures" are exploding beyond crypto as platforms like Hyperliquid outpace traditional Wall Street exchanges on everything from pre-IPO tech stocks to weekend oil trading.

CoinDesk

Markets

Hyperliquid is beating ethereum in trading volume on some days as big money rotates, says FalconX

Institutional investors are ditching range-bound bitcoin and ether for Hyperliquid as the decentralized platform wins over hedge funds with massive liquidity and early access to hot markets, according to Joshua Lim, head of markets at FalconX.

(Getty Images)

Finance

Franklin Templeton teams up with MoonPay to let big investors swap stablecoins for yields 24/7

The Wall Street giant is integrating its tech platform with MoonPay's infrastructure, allowing eligible institutions to seamlessly swap stablecoins for yield-generating tokenized funds without ever leaving the blockchain.

Sandy Kaul at Consensus Miami 2026

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Markets

Live markets: bitcoin loses $67,000 level in Tuesday plunge, putting February's lows back in play

Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).

Bear. (geralt/Pixabay

Markets

Bitcoin derivatives markets flashing warning signs as price plunges below $70,000

Open interest has risen to 773,000 BTC, one of the highest readings on record, while funding rates remain elevated despite weak spot demand and growing market fear.

CoinDesk

Markets

Strategy sparked panic with bitcoin sale, but analysts say it was 'immaterial'

The move suggests a greater willingness on the part of Michael Saylor and Strategy to use BTC holdings to support the capital structure, said one analyst, while others disagreed.

Strategy Executive Chairman Michael Saylor (Nikhilesh De)

Finance

Bitmine slows ether purchase pace, buying $53 million worth last week

The Ethereum treasury firm cut weekly purchases by more than 75% after the previous week's 112,000 ETH buying spree.

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

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Markets

Live markets: Bitcoin retreats under $72,000 as Strategy unloads BTC for first time in four years

Crypto markets continue to struggle even as risk markets across the globe surge higher.

A downward arrow chart pointing to a bitcoin symbol. (Pixabay)

Finance

Hyperliquid could become a ‘financial services juggernaut’ as DeFi expands, says Grayscale

The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge parts of traditional derivatives and exchange markets.

Digital screens, business & work. (Joshua Aragon/Pixabay)