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

Core Scientific Faces Valuation Disconnect; PT Hiked to $22: Jefferies

The bank reiterated its buy rating on CORZ and raised its price target for the bitcoin miner to $22 from $16 to reflect the CoreWeave acquisition.

Celsius and Core Scientific hope to raise millions via mining rig vouchers (alvarez/Getty Images)

Markets

Top Crypto Traders Flip Bearish on BTC, ETH in Major Sentiment Shift

Once-bullish crypto traders are warning of billions in potential ether liquidations and fresh downside risks for bitcoin.

(Daniel Mirlea/Unsplash)

Finance

BitMine Immersion's Ether Holdings Top $6.6B, Stock Slides 7% Alongside ETH's Tumble

The Tom Lee-led firm increased its ether stash to 1.5 million tokens last week, up from 1.15 million.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

Markets

TeraWulf Adds Another 10% as Google Lifts Stake

The news comes alongside Fluidstack exercising its option to expand at WULF's Lake Mariner data center campus.

Máquinas de minería de bitcoin (Shutterstock)

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Markets

Michael Saylor's Strategy Added $51M of Bitcoin Last Week

The company also updated previous guidance to now allow the issuance of fresh shares even when the stock trades below 2.5x mNAV.

Strategy Executive Chairman Michael Saylor (Nikhilesh De)

Markets

Story Protocol Co-Founder Jason Zhao Steps Back to Pursue New AI Venture

Zhao will remain an adviser as Story Protocol enters its next phase under SY Lee’s leadership, while he launches Poseidon to bring AI into frontier industries like science and space.

Jason Zhao (X)

Markets

Digital Asset Treasury Firms Plunge as Bitcoin Tumbles Below $117K, ETH Slides to $4.4K

The crypto rally continues to quickly reverse course just two days after bitcoin surged to a new record and ether soared to a five-year high.

Coins falling from a jar. (Josh Appel/Unsplash)

Policy

Czech Police Arrest Donor in Billion-Dollar Bitcoin Scandal: Report

Authorities detain convicted trafficker Tomáš Jiřikovský in probe over bitcoin gifted to Ministry of Justice, with the case expanding to money laundering and drug charges.

(Shutterstock)

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Finance

Crypto Hackers Capitalize on ETH Surge, Offloading $72M This Week

Three high-profile exploiters have taken advantage of ether’s rally to liquidate stolen funds, pocketing tens of millions in extra profits.

Under a low-light red lamp, a pair of hands types on a keyboard. (Wesley Tingey/Unsplash+)

Tech

Hyperbeat Secures $5.2M Backing From ether.Fi, Electric Capital

The raise will be used to build out their yield infrastructure for traders, protocols, and institutions that are tapped into the Hyperliquid ecosystem.

liquid hand