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

Crypto Funds See Largest Inflow in 15 Months, With Bitcoin, Solana Leading Rally: CoinShares

Ether-based funds continue to fall out of favor, with outflows for the year now totaling $125 million.

Crypto fund flows (CoinShares)

Markets

OKX Latest Proof of Reserves Shows Exchange Over-collateralized

The latest proof of reserves shows that the exchange is 103% collateralized with bitcoin, ether, and USDT.

The industry worries proposed new bank crypto rules are unduly cautious. (Peter Dazeley/Getty Images)

Markets

Bitcoin Catches Market Cap of Elon Musk's Tesla Amid ETF-Fueled Rally, but Traders Cautious Ahead of Fed Meeting

The Fed is widely expected to hold rates steady next week but traders will be watching for signals about future policy moves.

Elon Musk (Daniel Oberhaus/Flickr)

Markets

Bitcoin Cools Off at $34K, But '5th Bull Market' Has Further to Run, Says Analyst

Dogecoin and PEPE gained 5%-6% on Thursday, fading the action in a mostly lower cryptocurrency market.

BTC price on Oct. 26 (CoinDesk)

Markets

What Happens to GBTC Discount When FTX Sells its Holdings?

It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.

Grayscale ad (Nikhilesh De/CoinDesk)

Policy

U.S. Lawmakers Lummis, Hill Urge DOJ Decision on Charging Binance, Tether for Aiding Hamas

Sen. Cynthia Lummis and Rep. French Hill have been notable advocates in Congress for reasonable regulation of crypto.

U.S. Senator Cynthia Lummis (R-Wyo.) is one of the lawmakers asking for more information after the SEC's X account was compromised on Tuesday. (Shutterstock/CoinDesk)

Markets

Bitcoin Primed for 'Supply Shock' as Exchange Balance Drops to 5-Year Low, Analyst Says

A spot ETF approval could fundamentally alter bitcoin's supply and demand dynamics as professional investors would allocate to BTC as an uncorrelated asset, Forex.com's Matt Weller told CoinDesk TV.

Bitcoin balance on exchanges (Glassnode)

Finance

Pepecoin Doubles to $500M Market Cap as Memecoin Fever Steals Bitcoin's ETF Thunder

More than 155,000 wallets now hold the popular memecoin.

PEPE market cap doubles in a week (Pepecoineth)

Markets

Bitcoin Retreats From $35K; Miner Selling Pressure May Cap Prices, Crypto Hedge Fund Says

BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said.

BTC price on Oct. 25 (CoinDesk)

Markets

Bitcoin Is Up 100% This Year. It's Not Just Because of Spot BTC ETF Hype

While most observers tie bitcoin's recent strength to the anticipation of a spot ETF approval, some analysts offer alternative explanations to the crypto's rise.

BTC price in 2023 (CoinDesk)