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

Bitcoin holds above $70,000, but future direction hinges on Iran-U.S. 'talks'

Cryptos bounced on Trump’s five-day pause announcement, but the next move hinges on whether tensions between the U.S. and Iran ease or spiral, a Wintermute trader said.

Bitcoin (BTC) price on Monday (CoinDesk)

Markets

Prediction market boom spurs new VC fund backed by Polymarket, Kalshi CEOs

The fund, called 5c(c) Capital, is aiming to raise $35 million to fund startups tied to the rapid growth of event-based trading markets.

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

Markets

Strategy tops up capital-raising plans, bringing potential bitcoin buying power back to $42 billion

Expanded share issuance plans and new Wall Street partners boost capital raising firepower.

Strategy CEO Michael Saylor

Finance

Pharmaceutical firm pivots to stablecoins, holds nearly 9% of SKY's supply

Nanocap NovaBay Pharmaceuticals changed its name to Stablecoin Development Corporation.

Money on a printer (Clay Banks/Unsplash)

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Finance

Backpack launches BP token on Solana with 25% airdrop, no insider allocation

The remaining tokens are subject to long-term lockups tied to company milestones and a potential IPO.

Backpack CEO Armani Ferrante (CoinDesk)

Finance

Tom Lee's Bitmine extends buying streak with $138 million ETH purchase, betting on crypto slump ending

The Ethereum treasury firm led by Thomas Lee now has increased its buying pace for three consecutive weeks even as unrealized losses mount.

Thomas Lee, chairman of BitMine and CIO of Fundstrat, on the main stage during Consensus Hong Kong 2026 (CoinDesk)

Markets

Strategy returns to 'small' bitcoin purchases, adding $76.6 million in BTC last week

Led by Executive Chairman Michael Saylor, Strategy acquired 1,031 bitcoin, bringing holdings to 762,099 coins.

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

Policy

The SEC explains how it's viewing a crypto security: State of Crypto

Joint SEC-CFTC interpretive guidance outlines how the agencies will determine whether a cryptocurrency is a security.

SEC Chair Paul Atkins (Nikhilesh De/CoinDesk)

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Finance

The 5-cent contract that debunked a wartime death conspiracy

When social media declared Netanyahu dead, crypto prediction markets priced it at 5%. The money was right — and Washington wants to shut it down.

Benjamin Netanyahu

Policy

Sam Bankman-Fried tries to get on Donald Trump’s good side by backing his Iran strikes

The jailed founder of bankrupt crypto exchange FTX is fueling growing speculation that he is seeking a presidential pardon.

FTX founder Sam Bankman-Fried (Nikhilesh De/CoinDesk)