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

Strategy holds STRC dividend at 12%

Customarily, Michael Saylor and team have lifted the STRC dividend when it trades sizably below par, but not this month.

Michael Saylor

Finance

Tether posts $1.5 billion operating profit in Q2 as reserve buffer falls by half

The world’s largest stablecoin issuer added 14 metric tons of gold and about 1,800 bitcoin to its reserves during the second quarter.

Close-up of stacked gold bars. (Jingming Pan/Unsplash)

Finance

Coldcard's $38 million (so far) exploit shakes faith in self-custody, may push investors to ETFs

A software bug in popular hardware wallet Coldcard that led to the theft to this point of nearly 600 bitcoin worth roughly $38 million is prompting questions about security and whether managing private keys has become too risky for everyday investors.

Coldcard flaw lets attacker drain $38 million in bitcoin from old wallets. (Coinkite)

Markets

Coinbase's weak quarter leaves Wall Street split on timing of a recovery

Most analysts blamed a weak crypto market for Coinbase's earnings miss, though opinions diverged on when trading activity will recover.

CoinDesk

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Policy

U.S. sanctions Iran-linked bitcoin insurance scheme for Strait of Hormuz ships

The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls.

A bulk carrier shrouded in mist awaits entry to the Strait of Hormuz (Getty)

Markets

Live updates: 'Move your funds now,' says co-founder and CEO of Coldcard maker Coinkite

The Bank of Japan left its benchmark at 1% and Governor Ueda's hawkish signals landed softly, since markets had already priced an October hike.

BTC

Markets

Strategy books $8.2 billion Q2 loss on bitcoin price decline

The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities.

Strategy Executive Chairman Michael Saylor at the Digital Asset Summit in New York City on March 20, 2025. (Nikhilesh De)

Finance

Fake staking site drains $8.5 million in XRP from dozens of investors promising easy yield

Seoul police say the amount of the scam might rise to nearly $20 million. Two alleged scammers were detained and a third remains at-large.

(Max Bender/Unsplash)

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Tech

Live updates: Bitcoin holds above $64,000 as Nasdaq surges on AI trade comeback

The Nasdaq gained more than 2%, with Microsoft higher by 15% after its cloud unit grew at the fastest pace in four years while it held the line on spending.

Bitcoin holds near $64,000 as Microsoft's AI payoff lifts stocks. (Shutterstock)

Markets

Robinhood slides 4% despite earnings beat as crypto revenue cools

The brokerage reported $100 million revenue from crypto trading, a 38% decline in a year, offset by stronger options, equities and prediction markets activity.

Robinhood's Vlad Tenev speaks at Token2049 in Singapore (Token2049)