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


Policy

Goliath Ventures CEO pleads guilty in $400 million crypto Ponzi case

Christopher Delgado allegedly used investor funds for a lavish lifestyle, including luxury properties and vehicles, while running a fraudulent scheme from 2023 to 2026.

Statue of Lady liberty (Tingey Injury Law Firm/Unsplash/Modified by CoinDesk)

Markets

What's next for Bitcoin and stocks? Analysts see a volatile second half

After AI drove equities higher while bitcoin lagged, market watchers expect macro policy and market structure to take center stage.

CoinDesk

Tech

Live markets: bitcoin bounces to $60,000 after Warsh comments, economic data

Record ETF outflows in June beat the previous worst month by 29% and came on nine consecutive days of redemptions to close the period.

Price bounce (Getty Images)

Finance

Phantom doubles down on perpetual futures with hire of Hyperliquid market builders

The crypto wallet is doubling down on perpetual futures after hiring the builders behind one of Hyperliquid's highest-profile market experiments.

Phantom CEO Brandon Millman. (Danny Nelson/CoinDesk))

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Finance

Circle craters 17% as Stripe, Coinbase and BlackRock back rival stablecoin network

Open Standard's Open USD aims to let partners keep reserve income and eliminate minting fees, challenging Circle's USDC.

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

Tech

Live updates: bitcoin closes out weak quarter; Trump reports over $1 billion in crypto proceeds

IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

U.S. President Donald Trump speaking at Mar-a-Lago.

Tech

Ripple wants institutions to borrow against tokenized assets on XRPL

A proposed XRPL standard would let institutions borrow against tokenized assets, with the blockchain enforcing loan terms while the underwriting stays with human credit teams. It still needs validator approval to go live.

Ripple reportedly raise $1B fundraise. (Shutterstock)

Finance

Kalshi and Polymarket could become M&A targets as prediction markets consolidate: Bernstein

The broker said operational consolidation is blurring the lines between exchanges, brokerages and sportsbooks, creating conditions for acquisitions across the prediction market ecosystem.

Crystal ball (Credit: Zhenyu LuoUnsplash/Modified by CoinDesk)

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Finance

Tom Lee blames crypto weakness on quarter-end 'window dressing' as Bitmine adds another $43 million of ETH

Bitmine made its smallest purchase since early May as Lee pointed to investors cutting losses before the start of the second half of the year.

Tom Lee, chairman of Bitmine and cofounder of Fundstrat, speaking at Consensus 2026 in Miami (CoinDesk)

Finance

JPMorgan sees limited institutional demand for perpetual futures

The bank said institutional demand for perpetual futures remains muted, with the products better suited to speculative trading than hedging.

JPMorgan Chase & Co. in London