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


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)

Tech

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Live updates: Bitcoin rises above $64,000 as Microsoft's AI payoff lifts stocks

The Nasdaq is up 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)

Markets

Fed holds rates steady, extending pause as markets await Kevin Warsh's policy roadmap

For the first time in several years, markets were somewhat split on whether the U.S. central bank would hike rates.

Federal Reserve Chairman Kevin Warsh

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Markets

The traditional 9-to-5 banking day is officially dying, says Morgan Stanley execs

Tokenization and 24/7 markets are reshaping finance, making always-on banking a reality.

Morgan Stanley offices (Sven Piper/Unsplash)

Tech

Live updates: Bitcoin edges above $64,000 as Fed holds policy steady

The formerly popular names in AI infrastructure continued their sharp selloff on Wednesday.

U.S. Federal Reserve headquarters in Washington (Jesse Hamilton/CoinDesk)

Markets

'Anything remotely dovish' from Fed could be good for bitcoin, says analyst

Traders are divided on whether the Fed will hike rates, but analysts said crypto may be less exposed than AI-driven tech stocks.

Federal Reserve Chairman Kevin Warsh

Finance

Core Scientific lands AMD AI deal as bitcoin mining operation winds down

The agreement accelerates Core Scientific’s pivot from bitcoin mining toward AI data centers, following the termination of its ASIC agreement with Block.

Data center (Taylor Vick/Unsplash)

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Markets

Live updates: Crypto climbs off worst levels as stock selloff is contained to AI names

While the chipmakers continue their tumble, the DJIA is actually higher by more than 1%, led by Coca-Cola, Walmart, and Home Depot.

BTC

Markets

Bitcoin shrugs off AI selloff but high-stakes Fed meeting could determine what's next

BTC held near $65,000 even as Nvidia and AI stocks fell sharply. This week's Fed decision could determine whether bitcoin finally breaks higher or revisits June's lows, analysts said.

Bitcoin (BTC) price on Monday, July 27 (CoinDesk)