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

Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation

Mark Palmer said Hut 8's Beacon Point project transforms the company into an AI infrastructure platform with a long growth runway.

Data center (Taylor Vick/Unsplash)

Markets

U.S. June CPI fell 0.4%, likely cooling move toward Fed rate hikes

This morning's report could go a long way toward determining whether the Federal Reserve raises interest rates at its late-July meeting.

U.S. June CPI fell 0.4%, lowering potential Fed rate hikes odds (CoinDesk/BLS)

Finance

Live updates: Bitcoin rises past $64,000 after soft inflation data, Warsh testimony

Trump reinstated the Hormuz blockade, sending oil higher, reversing the peace trade that helped bitcoin recover in early July.

Kevin Warsh (Getty Images)

Finance

Mizuho says Circle bank approval doesn't solve USDC growth, stablecoin competition risks

Japanese investment bank Mizuho reiterated its neutral rating on Circle, saying OCC approval for a national trust bank doesn't address slowing USDC growth or rising competition.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

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Markets

Tom Lee's BitMine ether holdings rise to 5.77 million tokens, or 4.8% of total supply

The company expanded its ETH treasury while Chairman Tom Lee pointed to Robinhood Chain's rapid growth on Ethereum.

Tom Lee Consensus Hong Kong 2026

Tech

Robinhood Chain surges into top five by DEX volume: Bernstein

Robinhood's new blockchain quickly became a top-five network by DEX volume, signaling strong early demand for its tokenized asset platform, the broker said.

Robinhood's Vlad Tenev speaks at Token2049 in Singapore (Token2049)

Markets

Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings

The company raised the fresh cash via sales of common stock; its USD Reserve now stands at $3 billion.

Michael Saylor & James Van Straten (CoinDesk)

Markets

Live markets: Bitcoin, stocks, bonds sharply lower as Fed's Waller signals near-term rate hike

The liquidations were minor, running at about a sixth of what the market saw at its worst over the past 30 days, per CoinGlass.

pen rests on paper showing sketched graph going lower.

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Markets

Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic

The market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022's Terra-Luna crash, but stablecoins will likely resume their long-term growth, one analyst said.

storm, clouds, silver lining (Liu JiaWei/Unsplash)

Markets

Bitcoin treasury company Empery Digital sold about half of its BTC stack

It's a sign of the times as the troubled company swaps its bitcoin treasury ambitions for AI data centers.

Cryptos reverse course