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

BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup

Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.

Ship on turbulent waters. (Pixabay)

Markets

Here's what Wall Street analysts are saying about Strategy after massive Q4 loss

The numbers weren't pretty, but the fourth-quarter loss does not signal a cash crunch or the necessity of bitcoin sales, say analysts.

Michael Saylor, Executive Chairman of Strategy (MSTR)

Finance

Bitcoin crashed to $55,000 on Bithumb after exchange accidentally airdropped users 2,000 BTC

An internal reward distribution mistake briefly sent bitcoin prices sharply lower on South Korea’s Bithumb exchange after users were mistakenly credited with large phantom balances.

South Korea (Photo by Daniel Bernard on Unsplash/Modified by CoinDesk)

Markets

Bitwise says peak anxiety signals crypto market is nearing a bottom

The crypto asset manager argued that while the current drawdown mirrors the anxiety of 2018 and 2022, long-term upside catalysts remain intact.

Bitwise Chief Investment Officer Matt Hougan (CoinDesk Archives)

Advertisement

Markets

Bitcoin rises above $70,000, extending bounce from Thursday's crash

Strategy, MARA Holdings and Galaxy Digital are among crypto-related stocks posting double-digit percentage gains early Friday.

Bitcoin (BTC) price on Feb. 6 (CoinDesk)

Markets

Here's what Wall Street analysts are saying after IREN's earnings miss

The weaker results were tempered by continued progress in the bitcoin miner’s shift toward AI infrastructure.

Bitcoin miners (Shutterstock)

Markets

Citi cuts Coinbase price target to $400 after stock's 65% plunge from record high

The bank trimmed its Coinbase revenue and earnings forecasts amid a brutal risk-off environment for crypto and delays around U.S. market structure legislation.

Coinbase

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

Advertisement

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