{
  "abstract": "This study investigates whether the macroscopic statistical maturity of cryptocurrencies implies dynamical equivalence with an equity-market benchmark. We analyze one-minute data (2020--2025) for Bitcoin, Ethereum, XRP, and E-mini S\\&P~500 futures using the Complexity--Entropy Causality Plane (CECP) and directed horizontal visibility graphs (DHVG). While conventional stylized facts overlap across the analyzed assets, cryptocurrencies exhibit weaker local ordinal organization and a larger divergence between their high-degree in- and out-visibility distributions relative to matched surrogate baselines under the primary specification. This high-degree separation is strongest at the one-minute scale and weakens under 5- and 10-minute aggregation, while the direction of the underlying asymmetry remains more asset- and preprocessing-dependent. We therefore conclude only that macroscopic similarity can coexist with diagnostic-specific structural differences in the assets and period examined.",
  "abstract_shown": true,
  "affiliations": [],
  "article_type": "Journal reference: Chaos, Solitons & Fractals 213, 119238 (2026)",
  "arxiv": "2608.10852",
  "author_total": 3,
  "authors": [
    {
      "name": "Jaesung Kim"
    },
    {
      "name": "Changhee Cho"
    },
    {
      "name": "Jae Woo Lee"
    }
  ],
  "bibtex": "https://research.draconitic.com/paper/8zz51navwr318.bib",
  "cited_by": 0,
  "doi": "10.48550/arxiv.2608.10852",
  "fulltext_url": null,
  "id": "8zz51navwr318",
  "issns": [],
  "landing_url": "https://arxiv.org/abs/2608.10852",
  "language": null,
  "licence": "CC-BY-NC-ND-4.0",
  "licence_label": "CC BY-NC-ND 4.0",
  "licence_source": "article",
  "licence_url": "http://creativecommons.org/licenses/by-nc-nd/4.0/",
  "metadata_licence": "CC0-1.0",
  "native_subjects": [
    [
      "arxiv",
      "physics.soc-ph"
    ],
    [
      "arxiv",
      "q-fin.ST"
    ]
  ],
  "openalex": null,
  "pdf_url": "https://arxiv.org/pdf/2608.10852",
  "pmcid": null,
  "pmid": null,
  "published": "2026-09-17",
  "publisher": null,
  "ris": "https://research.draconitic.com/paper/8zz51navwr318.ris",
  "sources": [
    {
      "first_seen": "2026-10-30T12:28:36Z",
      "native_id": "2608.10852",
      "source": "arxiv",
      "url": "https://arxiv.org/abs/2608.10852"
    }
  ],
  "subjects": [
    {
      "field": "physics",
      "origin": "arxiv:physics.soc-ph",
      "subfield": "statistical-nonlinear"
    }
  ],
  "title": "Universality and Heterogeneity of Stylized Facts in Cryptocurrency and Equity Markets",
  "title_text": "Universality and Heterogeneity of Stylized Facts in Cryptocurrency and Equity Markets",
  "type": "preprint",
  "updated_at": "2026-10-30T12:28:36Z",
  "url": "https://research.draconitic.com/paper/8zz51navwr318",
  "venue": "arXiv",
  "versions": [
    {
      "doi": "10.1016/j.chaos.2026.119238",
      "pid": null,
      "relation": "published-as",
      "title": null,
      "venue": null
    }
  ]
}