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


Tech

The Protocol: Ethereum community debates foundation’s new mandate document

Also: World’s AgentKit, Visa and Coinbase on AI agents, and prediction markets + AI.

image of someone splitting a log vertically in half with a long-handled ax

Finance

Trump-linked American Bitcoin's BTC holdings overtake Mike Novogratz’s Galaxy Digital

American Bitcoin (ABTC) has climbed to become the 16th-largest bitcoin holder, with 6,899 BTC, as firms compete to build bitcoin treasuries.

Eric Trump, Co-Founder & Chief Strategy Officer, American Bitcoin speaks at Consensus 2025. (CoinDesk)

Markets

Bitcoin hash rate is tumbling as Iran war lifts energy prices

A falling hash rate and the resultant pressure on miners could signal another potential capitulation phase, which could push prices down further

Bitcoin hash rate has surged in 2024 (Hashage)

Finance

Large investors are doubling down on crypto, but getting a lot pickier about risk

Most institutional investors plan to increase allocations even as concerns around regulation and risk management continue to grow.

(Thomas Lohnes/Getty Images)

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Markets

Bitcoin quickly pulls back to $71,000 as Iran fears team up with poor U.S. inflation data

The price of oil moved higher after reported attacks against Iran's South Pars gas field.

Bitcoin (BTC) price on Wednesday (CoinDesk)

Policy

Senator Tim Scott says market structure negotiations are advancing

The South Carolina Republican said he might see a draft of stablecoin yield language as soon as this week, and other issues continue to be negotiated.

CoinDesk

Markets

Bitcoin's rally faces key hurdle with Wednesday's Fed meeting

Hot PPI inflation data in the morning and hawkish remarks by Powell in the afternoon would be the most damaging combination for risk assets, including crypto, Bitfinex analysts said.

Federal Reserve Chair Jerome Powell

Markets

Strategy’s latest massive bitcoin purchase offers insight into its evolving funding model

A $1.18 billion preferred stock raise, roughly equivalent to 16,800 BTC, signals a shift away from common stock as dividend obligations top $1 billion.

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

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Markets

Robinhood’s new venture fund just snapped up stakes in Stripe and ElevenLabs

The closed-end fund aims to give everyday investors exposure to private firms before they go public.

Robinhood logo on a screen

Markets

'Gensler and Biden were just better for crypto,' says Tally CEO as DAO governance platform shuts down

End of DAOs? Firm behind Uniswap and Arbitrum governance says easing regulation made decentralization optional

CoinDesk