{"paper":{"title":"When market boundaries weaken: Network reconfiguration and regime-dependent cross-asset spillovers","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":["q-fin.TR"],"primary_cat":"physics.pop-ph","authors_text":"Luis Enrique Correa Rocha, Ruixue Jing","submitted_at":"2026-05-28T18:13:32Z","abstract_excerpt":"Cryptocurrencies are increasingly adopted as investment assets, making their interactions with traditional financial markets central to cross-asset diversification and systemic risk. This paper studies the integration of cryptocurrencies, fiat currencies, and S&P500 equities using a balanced panel of 381 assets from October 2017 to February 2024. We combine rolling correlation networks, consensus-based community detection, market-specific and system-wide Turbulence Indices, and VAR-based connectedness analysis to examine how market stress, network topology, and shock transmission co-evolve acr"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2605.30442","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2605.30442/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}