The instrumental-variable method in Aldasoro and Ahmed's BIS working paper did not predict changes in non-stablecoin cryptocurrency market capitalizations, ruling out a broad cryptocurrency market cycle

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Price action and market structure across digital assets, including rallies and crashes, leverage and liquidations, and whether the four-year cycle still holds.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.