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


Tech

Ethereum's 'Fusaka' Upgrade Cements Network's Role as On-Chain Finance Settlement Layer: Bitwise

The upgrade will boost throughput, keep validators efficient and, most importantly, strengthen Ethereum's value capture by putting a floor under blob fees.

Ethereum Logo (Midjourney / Modified by CoinDesk)

Tech

The Protocol: Ethereum Preps For Upcoming Fusaka Upgrade

Also: Anthropic On DeFi AI Agents, ETH Devs Push ZK Protocol, and Bitnomial

The forthcoming Ethereum upgrade, Fusaka, is partly named after Osaka, a city in Japan (Wikipedia)

Markets

Bitcoin Futures Return to Deepest 'Backwardation' Since FTX Collapse Hinting Possible Bottom

So-called "backwardation" — a futures price curve moving lower in value as time gets further out — can be read as a measure of stress in the market.

CoinDesk

Markets

Strategy Battles for Par on STRC, Lifting Dividend to 10.75%

The company lifted STRC’s payout after the preferred stock again slipped below its $100 par value.

CoinDesk

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Finance

Kalshi’s Luana Lopes Lara Becomes Youngest Female Self-Made Billionaire

A recent $1 billion funding round led by Paradigm puts Kalshi co-founders Luana Lopes Lara and Tarek Mansour on the billionaire list.

Luana Lopes Lara

Markets

Cardano’s Biggest Players Unite Behind 70M ADA Push to Spark On-Chain Growth

Funds will be allocated to developing stablecoins, credible oracle feeds, cross-chain bridges, custody integrations, and analytics tooling, among other enhancements.

(Element5/Unsplash)

Markets

IREN Investors Mull Outlook After $3.6B Capital Raise as Jim Cramer Says 'Sell'

The bitcoin miner turned AI compute provider tumbled on Tuesday and is now down nearly 50% over the past month.

CoinDesk

Markets

Bitcoin Ricochets Around $93K at Pivotal Point; Circle, Gemini Lead Crypto Stock Rebound

Bitcoin shot up 10% in two days, but it's stalling at around the 2025 yearly open.

Bitcoin (BTC) price on Dec. 3 (CoinDesk)

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Finance

Jane Street Leads $105M Funding for Antithesis, a Testing Tool Used by Ethereum Network

Antithesis said its Series A will scale deterministic simulation testing, replaying complex failures exactly for crypto and other always-on systems.

Scattered pile of $1 bills (Gerd Altmann/Pixabay, modified by CoinDesk)

Finance

Babylon’s Trustless Vaults to Add Native Bitcoin-Backed Lending Through Aave

Babylon is also planning to introduce Bitcoin-backed DeFi insurance, letting BTC holders earn yield while underwriting risk against hacks and exploits.

David Tse, co-founder of Babylon (Bradley Keoun, modified by CoinDesk)