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Stephen Alpher

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.

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Vanguard logo (John Keeble/Getty Images)
Finance
Bitcoin etf
Incoming Vanguard CEO Won't Reverse Decision Not to Launch Bitcoin ETF
The former BlackRock executive didn't address the issue of giving Vanguard clients access to any of the other spot bitcoin ETFs that are available.
Vanguard logo (John Keeble/Getty Images)
By Stephen Alpher
May 15, 2024 at 5:26 p.m. UTC
May 15, 2024
Bitcoin ETFVanguard
The government's inflation report for April was released Wednesday morning (Getty Images)
Finance
Cpi
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.
The government's inflation report for April was released Wednesday morning (Getty Images)
By Stephen Alpher
May 15, 2024 at 12:42 p.m. UTC
May 15, 2024
CPIInflationInterest RatesBitcoin
New fund aims to capture crypto's upside while avoiding downtrends (Gabor Koszegi/Unsplash)
Finance
Funds
Hyperion Decimus' Newest Fund to Leverage CoinDesk Indices' Bitcoin and Ether Trend Indicators
Aimed at institutional investors, the fund will seek to profit off uptrends in crypto markets while sidestepping the drawdowns.
New fund aims to capture crypto's upside while avoiding downtrends (Gabor Koszegi/Unsplash)
By Stephen Alpher
May 15, 2024 at 12:30 p.m. UTC
May 15, 2024
FundsBitcoin trend indicatorCoinDesk Indices
food shopping in brown bags
Markets
Bitcoin
Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week
The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.
food shopping in brown bags
By Stephen Alpher
May 13, 2024 at 6:57 p.m. UTC
May 13, 2024
BitcoinInflationJerome Powell
Bitcoin tumbled during U.S. morning hours (Shutterstock)
Markets
Bitcoin
Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Bitcoin tumbled during U.S. morning hours (Shutterstock)
By Stephen Alpher
May 10, 2024 at 3:20 p.m. UTC
May 10, 2024
BitcoinInflationFederal Reserve
The government's jobs report for April was released Friday morning (Unsplash)
Finance
Employment
U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
Interest rates and the dollar have both risen strongly in 2024 as expectations of a slowing in the economy and inflation have failed to pan out, but today's report suggests a...
The government's jobs report for April was released Friday morning (Unsplash)
By Stephen Alpher
May 3, 2024 at 12:36 p.m. UTC
May 3, 2024
EmploymentPayrollInterest RatesBitcoin
Block CEO Jack Dorsey (CoinDesk)
Finance
Jack dorsey
Jack Dorsey's Block Adding More Bitcoin to Balance Sheet, Presents Road Map for Others
The company announced the news alongside its first quarter earnings report on Thursday afternoon.
Block CEO Jack Dorsey (CoinDesk)
By Stephen Alpher
May 2, 2024 at 8:46 p.m. UTC
May 2, 2024
Jack DorseyBlockBitcoin
U.S. Federal Reserve Chair Jerome Powell (screen capture courtesy of the Senate Banking Committee)
Finance
Federal reserve
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.
U.S. Federal Reserve Chair Jerome Powell (screen capture courtesy of the Senate Banking Committee)
By Stephen Alpher
May 1, 2024 at 6:08 p.m. UTC
May 1, 2024
Federal ReserveInterest Rates
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
Finance
Microstrategy
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
To this point, the company has not adopted fair value accounting for its bitcoin stack, resulting in the first quarter write-down despite a major rally in prices.
Michael Saylor, executive chairman of MicroStrategy (Michael.com)
By Stephen Alpher
Apr 29, 2024 at 8:33 p.m. UTC
Apr 29, 2024
MicroStrategyMichael SaylorBitcoin
Spot bitcoin and ether ETFs coming to Hong Kong on Tuesday (Ruslan Bardash / Unsplash)
Markets
Bitcoin etf
Press Briefing With ChinaAMC Executive Ahead of Tuesday Launch of Hong Kong Spot Bitcoin and Ether ETFs
Zhu Haokang is head of digital asset management and family wealth at one of the ETF providers, ChinaAMC, and expects initial subscriptions into the products will surpass those...
Spot bitcoin and ether ETFs coming to Hong Kong on Tuesday (Ruslan Bardash / Unsplash)
By Stephen Alpher
Apr 29, 2024 at 6:40 p.m. UTC
Apr 29, 2024
Bitcoin ETFether ETFHong Kong