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 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)

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.

Bitcoin down

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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)

Markets

Live markets: Bitcoin shrugs off early decline, but two-month winning streak is in jeopardy

A hopeful posting on Iran from President Trump helped erase morning losses.

Bitcoin down

Markets

Hyperliquid bigger than NASDAQ, says ICE CEO Jeffrey Sprecher

Sprecher saluted Hyperliquid's team, signaling deeper engagement between Wall Street incumbents and crypto-native rails.

Hyperliquid founder Jeff Yan

Finance

Tether's U.S.-focused stablecoin grows over 500% in a month, but still lags main rivals

USAT's market cap jumped above $140 million in April, though it remains well behind Circle's USDC, PayPal's PYUSD and Ripple's RLUSD tokens.

Tether CEO Paolo Ardoino at White House

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Markets

Bitcoin pinned below $73,000 despite potential U.S.-Iran deal news

U.S. stocks and bonds, and the oil market are reacting positively to yet another purported peace agreement, but crypto markets remain under heavy pressure.

Donald Trump points at the audience during a press conference at the White House.

Markets

'Debasement trade’ falls out of favor as inflation fears cool, JPMorgan says

Investors are abandoning bitcoin and gold, perhaps sensing a coming end to Middle East hostilities.

(Anne Nygård/Unsplash)