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

Could Stablecoins Spark a New Contagion? BIS Warns, Coinbase Pushes Back

Not all agree with some recent sentiment that stablecoins pose a threat to global financial stability.

dollar bill

Markets

Bitcoin's Plunge Brings Strategy's Holdings to Near Breakeven, but Key Test Lies 18 Months Ahead

Michael Saylor's company's balance sheet isn't at imminent risk of collapse, but further capital-raising efforts could surely be hindered unless conditions improve.

Strategy Executive Chairman Michael Saylor (Danny Nelson, modified by CoinDesk)

Markets

Is Strategy Stock the Preferred Hedge Against Crypto Losses? Tom Lee Thinks So

Strategy’s 650,000 BTC holdings make it a ‘pressure valve’ for the broader market, said the Bitmine Immersion chairman.

(Ilya S. Savenok/Getty Images for BitMine (NASDAQ: BMNR))

Finance

BitMine Immersion Sitting on $4B Loss on Ether Bet as Analyst Warns of Structural issues

Tom Lee's company could trap shareholders amid low staking yields, hefty embedded fees and vanishing NAV premium, 10x Research founder Markus Thielen warns.

Screenshot of Tom Lee on CoinDesk TV (CoinDesk)

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Markets

Fanatics Enters Prediction Markets via Crypto.com Partnership

The product is set to launch in the next couple weeks, Fanatics CEO Michael Rubin said on CNBC.

CoinDesk

Markets

Bitcoin Bounces Above $84K as Fed's Williams Puts December Rate Cut Back on Table

Previously having essentially written off chances of further monetary ease in 2025, interest rate traders are now pricing more than a 70% chance of a rate cut at the Federal Reserve's December meeting.

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

Markets

Kalshi Raises $1B at $11B Valuation as Prediction Market Race Continues: TechCrunch

The CFTC-regulated exchange is gaining ground on crypto-native Polymarket, offering event contracts with fiat access and legal clarity.

Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)

Finance

Anthony Scaramucci-Backed AVAX One Approves $40M Stock Buyback

Digital asset treasury firms are increasingly turning to share buybacks to arrest plunging stock prices as investor demand sours.

Avalanche (AVAX) (CoinDesk)

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Finance

Crypto Exchange Ripio Reveals $100M Crypto Treasury, Second Largest in Latin America

The company's holdings, which include bitcoin and ether, have been managed through trading and hedging strategies since 2017.

CoinDesk

Markets

Ray Dalio Still Owns Bitcoin, but Says Traceability and Quantum Threat Are Concerns

The billionaire founder of hedge fund Bridgewater believes Bitcoin faces major hurdles before it can become a global reserve currency.

Ray Dalio, founder of Bridgewater. (CoinDesk archives)