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Programme III

Crypto Microstructure

Empirical validation of friction dynamics in cryptocurrency markets. Why do infrastructure failures move markets more than regulatory announcements? The enforcement capacity hypothesis.

5 papers
1 December 2025 In Peer Review

Infrastructure vs Regulatory Shocks: Asymmetric Volatility Response in Cryptocurrency Markets

Murad Farzulla
1 December 2025 Transferring

Same Returns, Different Risks

How Cryptocurrency Markets Process Infrastructure vs Regulatory Shocks

Murad Farzulla
1 December 2025 Preprint

Do Whitepaper Claims Predict Market Behavior? Evidence from Cryptocurrency Factor Analysis

Murad Farzulla
1 December 2025 Preprint

ASRI: An Aggregated Systemic Risk Index for Cryptocurrency Markets

Murad Farzulla, Andrew Maksakov
1 December 2025 With Editor

The Extremity Premium: Sentiment Regimes and Adverse Selection in Cryptocurrency Markets

Murad Farzulla