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


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Bitcoin pulls back to $94,300 as U.S. stocks sink, precious metals tumble

A selloff in precious metals and lower U.S. stocks appeared to be denting crypto sentiment.

Tug of war (Shutterstock, modified by CoinDesk)

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Crypto card spending hits $18 billion annualized as stablecoin use shifts to everyday payments

Artemis research shows crypto credit and debit card spending is now rivaling peer-to-peer stablecoin transfers, with Visa capturing most on-chain volume through early infrastructure partnerships.

Crypto card payments. (Photo by Thriday on Unsplash/Modified by CoinDesk)

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Riot Platforms surges 11% as lease deal with AMD marks major AI infrastructure pivot

The company sold nearly $100 million of bitcoin to fund the purchase of its 200-acre Rockdale site and signed a leasing agreement with Advanced Micro Devices that could deliver $1 billion in revenue.

AI data centers: (Shutterstock)

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Early 2026 tailwinds for bitcoin miners as hashrate falls, profitability improves: JPMorgan

U.S.-listed bitcoin miners entered 2026 with rising revenues, improving margins and recovering valuations, setting a more constructive near-term backdrop.

Racks of mining machines.

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DTCC aiming to make all 1.4 million securities in its custody digitally eligible

The company's Brian Steele suggests the industry giant aims to redefine the limits of tokenization in capital markets.

Art installation reminiscent of digital ecosystems

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Coinbase fears tokenization rival Securitize, says Citron Research

Tokenization platform Securitize is going public — as soon as the first half of 2026 — through a SPAC deal with Cantor Equity Partners II (CEPT)

Coinbase

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Galaxy Digital stock rises 4% after Texas grid operator approves data center expansion

The expansion supports Galaxy's AI and high-performance computing plans, with construction underway on the first phase.

Data center servers

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Bitcoin slides below $96,000 as key crypto bill stalls in Congress

After a brief reprieve, crypto returned to selling off during U.S. market hours on Thursday.

Bitcoin (BTC) price on Jan. 15 (CoinDesk)

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Michael Saylor's Strategy still has major upside despite 2025 plunge, says TD Cowen

Strategy remains an effective proxy for bitcoin exposure, particularly for investors with a long-term view, analyst Lance Vitanza said.

MicroStrategy

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Tom Lee's Bitmine Immersion invests $200 million in YouTube star MrBeast’s company

The investment gives Bitmine a stake in a brand with strong Gen Z and millennial appeal, reaching over 450 million subscribers across its YouTube channels.

Tom Lee of Bitmine. (CoinDesk)