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

XRP at center as Ripple lays out institutional DeFi blueprint for XRPL

Ripple and XRPL developers say recent mainnet upgrades and upcoming features position the XRP Ledger as a hub for regulated, real-world finance.

Ripple

Finance

Tether buys $150 million stake in Gold.com to boost tokenized gold distribution

The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether's stablecoins.

Tether CEO Paolo Ardoino at White House

Markets

Strategy posts Q4 loss of $12.4 billion on tumbling bitcoin price

The price of bitcoin fell from about $120,000 to $89,000 during the final three months of 2025.

MicroStrategy

Markets

Bitcoin is the third most oversold ever, says one indicator, and violent upside could be next

The Relative Strength Index (RSI), a popular technical trading indicator, has plunged to 17. Only the bear market bottom in 2018 and the 2020 Covid crash saw lower reads.

Bitcoin RSI

Advertisement

Finance

Tom Lee's Bitmine now $8 billion underwater as ether tumbles below $2,000

Despite its mounting losses and plunging share price, the ether treasury firm says it's under no pressure to sell its holdings.

Tom Lee

Markets

Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets

Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000.

Strategy Executive Chairman Michael Saylor (Danny Nelson, modified by CoinDesk)

Markets

Tom Lee's Bitmine may be buying ETH, but Vitalik Buterin and everyone else appears to be selling

Ether has dropped below $2,000, underperforming other major cryptocurrencies as selling accelerates from leveraged traders, onchain liquidations and long-term holders.

Bitmine chairman Tom Lee

Markets

Here is what industry veterans are saying as bitcoin tumbles below $70,000

"This drawdown feels horrible not because of the magnitude, but because it’s unfair," said longtime bitcoin maxi Samson Mow.

Bitcoin plunges below $40K (Eva Blue/Unsplash)

Advertisement

Finance

Multicoin Capital co-founder Kyle Samani steps down after nearly a decade to pursue other areas of tech

" I’m more confident than ever that crypto is going to fundamentally rewire the circuitry of finance," said Samani, who will remain chairman of Solana treasury company, Forward Industries.

Kyle Samani of Multicoin (CoinDesk)

Markets

Bitcoin's correlation with troubled software stock sector is growing

Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.

BTC vs IGV (TradingView)