This list includes a selection of the latest research on cryptocurrency posted to SSRN in 2025.

• On the Impossibility of Transparent and Decentralized DeFi Trading by Hanna Halaburda (New York University)
  
• A Note on Canada’s Stablecoin Act by Darrell Duffie (Stanford University), Odunayo Olowookere (York University), & Andreas Veneris (University of Toronto)
  
• The Impact of Spoofing on Bitcoin Market Microstructure by Kose John (New York University), Jingrui Li (Stevens Institute of Technology), Ruming Liu (Stevens Institute of Technology), & Steve Y. Yang (Stevens Institute of Technology)
  
• Network-Based Detection of Wash Trading by Allen Sirolly (Columbia University), Hongyao Ma (Columbia University), Yash Kanoria (Columbia University), & Rajiv Sethi (Columbia University)
  
• Cryptomercantilism vs. Monetary Sovereignty by Jens van ‘t Klooster (University of Amsterdam), Edoardo D. Martino (European Banking Institute), & Eric Monnet (Paris School of Economics)
  
• Bitcoin and the Fama-French Model Rethinking Asset Pricing by Narmin Nahidi (University of Exeter) & Mohammadreza Malekan (Otto-Friedrich-Universität Bamberg)
  
• Gold and Bitcoin by Campbell R. Harvey (Duke University)
  
• Holding the Bag: Depositor Reactions to a Crypto Shadow Bank Collapse by Ian Appel (University of Virginia), Jillian Grennan (Emory University), Joshua T. White (Vanderbilt University), & Sean Wilkoff (University of Nevada, Reno)
  
• Are Crypto Anti-Money Laundering Policies Effective? by John M. Griffin (University of Texas at Austin), Kevin Mei (University of Texas at Austin), & Zirui Wang (University of Texas at Austin)
  
• Global Supply Chain Resilience in Emerging Technologies: A Case Study of Bitcoin Mining by Kish Parella (Washington and Lee University) & Carla Reyes (Southern Methodist University)
  
•  Mind the Gap: How Stablecoins Can Secure the UK’s Financial Future by Gilles Chemla (Imperial College London), William Knottenbelt (Imperial College London), Zhengming Li (University of Oxford), Xihan Xiong (Imperial College London), Alfonso Delgado De Molina Rius (Imperial College London), & Anne Louise Burnett (Imperial College London)

Discover more research on cryptocurrency in SSRN’s Cryptocurrency Research eJournal here.