Multi-Regime Observations Across Fifteen Digital Asset Windows

Rogers, Mike (2026): Multi-Regime Observations Across Fifteen Digital Asset Windows.

Abstract

This paper presents the public edition of CVE Case Study #3: Multi-Regime Observations Across Fifteen Digital Asset Windows, published under the 135 Research imprint using authenticated Kaiko market data under the CVE v2.1 framework.

The study extends prior single-window and multi-asset CVE work into a fifteen-window regime observation panel. Across fifteen independent 72-hour UTC windows, the same six-asset observation structure is rebuilt at one-minute resolution across BTC, ETH, SOL, XRP, USDC, and USDT. Each regime is treated as a bounded observation record, with documented venue assignments, panel conditions, figure references, verification artifacts, and SHA-256 fingerprints.

The objective is not prediction. The objective is reproducible observation of how participation, volatility, stablecoin peg behavior, venue structure, timing signatures, and asset dispersion present across different market conditions.

The DOI-backed public archive is available on Zenodo at: https://doi.org/10.5281/zenodo.20071554

• Item Type: MPRA Paper
• Language: English
• Keywords: digital assets; market microstructure; crypto market structure; capital velocity; Capital Velocity Economics; stablecoins; regime observation; liquidity; tokenization; reproducible research; SHA-256 verification; empirical finance; quantitative finance; digital asset markets; high-frequency market data; volatility regimes; time-series analysis; tokenized financial assets; real-world assets; tokenized real-world assets; RWA; CVE
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C55 - Large Data Sets: Modeling and Analysis; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C58 - Financial Econometrics; E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; G - Financial Economics > G1 - General Financial Markets > G10 - General; G - Financial Economics > G1 - General Financial Markets > G14 - Information and Market Efficiency ; Event Studies ; Insider Trading; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O33 - Technological Change: Choices and Consequences ; Diffusion Processes

References

Rogers, M. (2026). Multi-Regime Observations Across Fifteen Digital Asset Windows. 135 Research. https://doi.org/10.5281/zenodo.20071554

135 Research. (2026). CVE Case Study #3 Public Release Repository. GitHub. https://github.com/135Research/cve-case-study-3-public