This paper examines the factors that affect the returns of Decentralized Finance (DeFi) coins and emphasizes the significance of news-based sentiment in the market. Results show that sentiment has a notable impact on DeFi returns, with negative sentiment presenting greater influence than...

The changing patterns of risk aversion of traditional financial assets may follow a non-linear, counter-cyclical, process. However, research in this area has not considered the effects of the rapidly developing cryptocurrency markets. Given the distinct features and growing impact of...

We comparatively assess drivers of DeFi token prices, testing the impact and connectedness between Bitcoin (as a cryptocurrency asset-class leader), Ethereum (as a platform for DeFi), and Google Trends (as a signal of investor attention). While we evidence varying causal linkages between Bitcoin...

Intertwined with the persisting effects of the COVID-19 pandemic on the world economy, the price of WTI crude oil futures became negative on April 20, 2020. This anomalous incident has drawn much attention within the literature. This paper attempts to investigate the origins and specific impacts...