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 sinks below $71,000, stocks close at session lows, as 2026 Fed rate cut hopes fade further

Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but "nobody knows" yet how lasting the impact will be.

Federal Reserve Bank Chair Jerome Powell

Finance

Polymarket acquires Brahma to scale blockchain trading infrastructure

"Building reliable infrastructure across blockchain networks and traditional financial rails is hard — there are no shortcuts,” said Polymarket CEO Shayne Coplan.

Shayne Coplan, founder and CEO of Polymarket (CoinDesk/Jesse Hamilton)

Markets

Federal Reserve holds policy steady as Iran war adds to growth and inflation concerns

Bitcoin remained sharply lower for the session following the expected decision by the U.S. central bank.

Jerome Powell speaking at podium

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

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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)

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)

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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