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

Tether expands tokenization business into Saudi Arabia, starting with real estate

The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other asset classes.

Riyadh, Saudi Arabia

Tech

coverage ended

Live updates: Bitcoin flatlines near $64,000 ahead of Friday's jobs report

Trump’s comments on jobs, inflation and a possible Strait of Hormuz deal have helped risk sentiment, but bitcoin’s next move depends on whether lower oil actually pulls Treasury yields and the dollar down.

BTC

Markets

Strategy’s STRC rebounds 30% as company builds cash reserve, bitcoin price stabilizes

Bitcoin sales, what is now a $4 billion cash reserve, and a $975 million repurchase program, have supported STRC’s recovery.

STRC (TradingView)

Finance

Ondo Finance hires former Blockchain.com CFO Adam Schlisman

The tokenized-assets firm appointed ex-Blockchain.com and Monashee executive as finance chief as it expands its onchain capital markets business.

Ondo Finance Chief Financial Officer Adam Schlisman

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Finance

Galaxy Digital shares slip 5% after second-quarter results

Helios produced data-center revenue for the first time with Phase I expected to generate about $80 million quarterly from Q3.

Galaxy Digital CEO Mike Novogratz (CoinDesk)

Markets

AI agent token once worth $2.4 billion ends with founder calling it dead

Eliza Labs founder Shaw Walters said the ELIZAOS foundation is closing and that holders should sell, ending the token that replaced AI16Z after a lawsuit, a rebrand and a 97% crash.

Eliza, the mascot of ElizaOS, a once-darling AI Agent cryptocurrency that was worth $2 billion at peak. (ElizaOS)

Markets

SpaceX extends decline to 11% on lockup expiration and capex spending fears

The company reported no BTC sales in the second quarter, but shares fell before the open as investors focused on capital spending, free cash flow pressure and a looming insider lockup expiry.

Rocket launching next to SpaceX building (SpaceX/Unsplash)

Markets

Why bitcoin’s ‘500-day rule’ faces its biggest test yet

The so-called ‘500-day rule’ says buying BTC roughly 500 days before a bitcoin halving and selling it about 500 days after would have produced profits in prior cycles.

A bus carries a Bitcoin advert.

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Markets

Live updates: An AI credit bubble could set up bitcoin’s path to $1 million, says Arthur Hayes

Maelstrom co-founder Arthur Hayes says overleveraged AI data-center spending will eventually crack, forcing government bailouts and money printing that become the next major bitcoin catalyst.

BTC

Finance

SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings

Elon Musk's space company posted its first earnings as a public company ahead of a major insider share unlock.

SpaceX and Tesla CEO Elon Musk