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

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Live updates: SpaceX rallies nearly 20% in first session, while bitcoin trades shy of $64,000

Crypto firmed across the board following the largest equity listing in history. The token most tied to Elon Musk traded right in line with the market.

SpaceX and Tesla CEO Elon Musk

Markets

Elon Musk's SpaceX prices shares at $135, raising $75 billion in largest-ever IPO

The company's fully diluted value will be about $1.8 trillion, with the stock set to open for trade on Friday on the Nasdaq.

(Photo by Apu Gomes/Getty Images)

Tech

SpaceX stock is coming to Solana on the same day it lists on Nasdaq

The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.

Starlink Mission. (Official SpaceX Photos/flickr)

Markets

Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics

The two bitcoin treasury leaders renewed the debate over Strategy's mNAV and dilution, with Saylor arguing that equity issuance for cash strengthens, rather than dilutes, shareholders.

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

Live updates: Bitcoin tops $63,000 as Trump teases yet another peace deal with Iran

Fresh U.S. inflation data on Thursday was mixed, and the ECB hiked rates for the first time in nearly three years.

Laptop with markets monitor and charts. (Kanchanara/Unsplash)

Markets

Michael Saylor gets into public debate over claims that Strategy's latest share sale was dilutive

Strategy's BTC Yield fell from 13.0% to 12.8% following its latest bitcoin purchase, prompting a debate on X over whether the purchase was dilutive to shareholders.

Strategy Executive Chairman Michael Saylor (CoinDesk Television)

Markets

Live updates: bitcoin holding below $62,000 as nervous Nasdaq falls further ahead of SpaceX IPO

Core inflation rose less than feared in May, but markets have turned lower in afternoon trade.

(Shutterstock)

Finance

Ethena lands Janus Henderson backing as asset manager invests in ENA, eyes USDe distribution

The deal underscores the trend of traditional asset managers backing DeFi infrastructure, following BlackRock's Uniswap and Apollo's Morpho investments.

Guy Young

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Markets

Come back after the summer, says one analyst on crypto markets

Bitcoin's growing divergence from tech stocks raises concerns as AI spending surges, says Quinn Thompson.

DeFi Summer has cooled.

Markets

Bitcoin inflows slow sharply in 2026 as investors chase AI, Bernstein says

Bernstein said bitcoin's increasingly diversified ownership base supports its long-term store-of-value thesis.

Digital representation of a physical bitcoin.