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

Strategy Is Down 50% From Its Highs. What Does It Mean for Its $43B Bitcoin Holdings?

Bitcoin's stumble begs the question asked during the last bear market: Is there a point at which Michael Saylor would be forced to liquidate part of the company's near-500,000 BTC stack?

MicroStrategy executive chairman Michael Saylor (CoinDesk archives)

Markets

Gold-Back Cryptos Outperform as Precious Metal ETF Inflows Near Three-Year High

The price of gold is up nearly 11% so far in 2025 and 43% over the past 12 months.

Gold bar (Scottsdale mint/Unsplash)

Markets

Bitcoin Miner GDA Expands West Texas Facilities With 50 MW Deployment

Genesis Digital Assets is a private bitcoin miner that claims to have one of the largest hashrate capacities in the world.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Finance

Michael Novogratz's Galaxy Hires Zac Prince, Former CEO and Co-Founder of BlockFi

Prince will work closely with the firm's president, Chris Ferraro, to expand Galaxy's crypto offering.

Mike Novogratz, Founder and CEO, Galaxy Digital (Suzanne Cordiero/Shutterstock/CoinDesk)

Tech

Ethereum Foundation’s Aya Miyaguchi Leaving Executive Director Role

Miyaguchi shared in a blog post that she will stay at the foundation and serve as its new president.

Ethereum Foundation Executive Director Aya Miyaguchi (CoinDesk archives)

Finance

Crypto Asset Manager Bitwise Bolsters Balance Sheet With $70M Equity Raise

The raise was led by Electric Capital and included participation from MassMutual, Highland Capital, Haun Ventures and ParaFi Capital

Bitwise CIO Matt Hougan (Suzanne Cordiero/CoinDesk/Shutterstock)

Tech

Ethereum Layer-2 Starknet Gets First Gaming App-Chain

Nums, a sequential game built off of Starknet’s technology, is the first layer-3 to settle on the network.

StarkWare CEO Eli Ben-Sasson (Margaux Nijkerk)

Markets

Bitcoin Likely to Head Even Lower, but Seeds of Next Bull Move Are Being Sown

The interest rate outlook has gotten appreciably softer over the past couple of weeks.

De NIro and Pesci

Finance

Multicoin Leads $8M Investment in GPS Alternative Geodnet

The hyper-accurate location network provides mapping data down to the size of a golf ball

drone, delivery