Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

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Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

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Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

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Crypto

AI has been dominating the headlines. But did you know AI is slowly revolutionizing crypto too? Here's what you can invest now. 

The hugely popular software from OpenAI with ChatGPT chatbot has dominated headlines, describing how artificial intelligence (AI) technology revolutionizes the way we digest information. Rumors are that Silicon Valley (read: Microsoft) is planning to 

 into the project, which can only mean that AI is here to stay. 

One reason AI has garnered so much attention is its ability to help us solve complex problems in unconventional ways and eliminate mundane tasks. It can also help us make better decisions by leveraging data more effectively than humans ever could. As AI continues to evolve, it only opens up even newer possibilities for businesses and individuals to grow. 

, the potential is immense. AI analyzes patterns in blockchain data and detects suspicious activities, helping to reduce fraud and money laundering. Moreover, using AI in confidential 

 ensures that transactions comply with predefined rules. Finally, AI uses predictive analytics to better forecast cryptocurrency market trends and prices.

Let's explore the ways that blockchain and crypto incorporate AI. 

How Is AI Crypto Different From Other Crypto Coins?

AI cryptocurrency differs from other crypto coins in several ways, primarily in its utility. First and foremost, AI coins usually have a built-in AI platform that allows users to create and use AI-powered applications. Users can also develop advanced algorithms to help them make better investment decisions, manage their crypto assets more efficiently and even automate trading.

Since AI crypto coins utilize blockchain technology, they’re less susceptible to malicious attacks. In addition, AI crypto can be used on decentralized marketplaces and networks that allow users to buy and sell tokens directly on the blockchain without relying on third parties. AI crypto also features a unique system that rewards users for their contributions to the network. While AI crypto coins are relatively new to the trading world, they’re gaining traction among investors. 

Top 15 Artificial Intelligence (AI) Cryptocurrencies

Cryptocurrency investing is rapidly gaining popularity with investors. Following are the five best AI crypto coins to invest in. 

Ocean is an open-source protocol that allows individuals and businesses to exchange and monetize data. It also provides data-based services and offers a way to transact easily with both customers and vendors.

The protocol provides a secure and transparent way to create, store and manage data-based services. It also enables developers to build applications that leverage its many features.

Ocean Protocol allows users to securely access data from multiple sources, including public and private data repositories. It also provides a marketplace for data owners and buyers to securely buy, sell and trade data assets.

Furthermore, it offers tools for analyzing large datasets and creating predictive models. The protocol is designed to preserve privacy, allowing users to control who has access to their data while still allowing them to benefit from it.

Note: The current price is as of the article's updated date. 

 is an open-access blockchain network that uses decentralized AI and machine learning. It enables the growth and development of the digital economy with limited human involvement.

Fetch.ai features a decentralized economy of agents, data, services and digital assets that can interact with each other to find, negotiate and execute services. The network's native token (FET) incentivizes network participants, facilitates transactions and rewards miners for validating new blocks on the blockchain.

Its platform also provides developers with tools to build autonomous agents that can interact with the network. As a result, Fetch.ai can optimize smart homes, supply chains, transportation and other sectors.

SingularityNET is an open-source protocol and collection of smart contracts for a decentralized network of coordinated AI services. It allows developers to monetize AI services on a distributed network, using the Ethereum blockchain and tokenized incentives to coordinate the various stakeholders involved. Its goal is to create an environment where AI services are easy to develop, share and integrate into applications.

SingularityNET enables developers to build AI applications that interact with other network applications. This synergistic environment creates an efficient marketplace where developers can easily find, buy or sell AI services.

Providing access to a vast array of AI algorithms and data sources makes it easier for developers to create powerful applications that leverage the full potential of machine learning.

SingularityNET enables organizations to coordinate the development of complex multi-agent systems in a secure and trusted way.

 is software that resembles a hedge fund portfolio management and trading platform. A blockchain-based token called Numeraire (NMR) powers it, which allows users to pay for services directly on the platform. It also incentivizes people to participate in its activities.

The NMR token is built on the Ethereum blockchain and is used to reward traders for correctly predicting market movements. Numeraire makes it easier for hedge funds and other financial institutions to access sophisticated trading strategies without investing in expensive infrastructure or hiring specialized personnel.

 provides two applications for its traders:

 as a privacy-focused and scalable blockchain. It offers a perfect blend of high transaction speed, minimal gas charges and secured infrastructure, laying the groundwork for web3's next phase, which will be the driving force behind

Oasis is more than just a platform: it's a catalyst for web3's growth and transition to a fully developed ecosystem. With the backing of industry heavyweights, Oasis recently unveiled the $235 million Oasis Ecosystem Fund, aimed at nurturing projects built on its network. Oasis Labs, the technical contributor in the ecosystem, joined hands with major entities like Meta and BMW Group Genetica, among others, to create platforms and products that prioritize individual privacy, data governance and ethical data usage.

The process of consensus and execution is divided into two distinct levels: the consensus layer and the ParaTime layer. This separation aims to enhance scalability and diversify functionality. By separating consensus and execution, various ParaTimes can simultaneously process transactions, ensuring that intricate tasks carried out on one ParaTime don't hinder the speed of simpler, quicker transactions on another.

Graph was founded by a group of engineers and developers to make blockchain data indexing and organizing more scalable and accessible. Blockchain promotes transparency and fairness due to its immutability. However, it is not designed for easy data retrieval. Graph aims to streamline data access to be more user-friendly and potentially boost the development and adoption of decentralized applications (dApps) built on blockchains. 

Similar to how search engines index webpages, Graph organizes data from blockchains into subgraphs, which, in layman's terms, are open APIs. It enables users to query these subgraphs using a specific language (GraphQL) to retrieve relevant data from the blockchain in an optimized turnaround time.    

Even though Graph doesn't use AI in its core functionality, the project facilitates the development of AI-powered applications that leverage their technology. 

NEAR is another strong contender in the AI field, even though AI is not directly integrated within the protocol. The core goal of this protocol is to empower the continuous development of decentralized applications (dApps) on its blockchain platform that is scalable yet user-friendly. 

The key highlight of Near Protocol is its sharding ability using the Nightshade technology, allowing validators to process transactions across multiple sharded chains in parallel, which helped scale the processing power to 100,000 transactions per second and achieve near-instant transaction finality.

Again, AI is not integrated directly within Near Protocol's core functionality. However, the protocol is interested in exploring the intersection of AI and blockchain technology by showing the potential applications like decentralized training of large language models and fostering discussions on responsible AI development within the web3 ecosystem. At the same time, the NEAR Tasks is built on the platform to facilitate decentralized AI training by connecting businesses with individuals who label data for AI models. This can improve data quality and potentially empower fairer compensation for data labeling tasks.

iExec is one of the pioneers of decentralized computing in employing blockchain technology. It creates a marketplace where individuals can capitalize on their computing prowess, their applications and even their datasets. This is achieved by facilitating instant access to cloud computing capabilities. 

iExec is equipped to bolster applications in myriad sectors such as big data, healthcare, artificial intelligence, rendering and fintech. Established on Oct. 16, 2016, iExec's mission is to revolutionize cloud computing by introducing an innovative computing model.

The network consists of various providers offering computing resources, referred to as iExec Worker pools. If individuals wish to participate, they can link their machines and be compensated with RLC tokens for lending their resources to the network.

Providers of applications can generate revenue from their algorithms, while data providers possessing valuable datasets can avail them for use via the iExec platform. There's also a consensus protocol known as PoCo (or Proof-of-Contribution), which ensures consensus over off-chain computing. This form of consensus allows external resource providers to certify the usage of their resources directly on the blockchain.

iExec further offers distributed applications (

) that run on the blockchain. These provide scalable, secure and convenient access to servers, datasets and computing resources. Since all of this operates on the Ethereum network, it facilitates a virtual cloud infrastructure capable of delivering high-performance computing services as needed.

As a result, iExec is instrumental in supporting the burgeoning category of blockchain-based distributed applications. It also promotes cost-effective and high-performance computing through a decentralized cloud infrastructure.

The AI Protocol operates through the deployment of the Artificial Liquid Intelligence (ALI) Utility Token. ALI is an indigenous ERC-20 utility token and forms the core of the AI Protocol and its associated decentralized applications. It plays a crucial role in regulating, incentivizing and acknowledging the contributions of various participants within the AI Protocol. 

The AI Protocol essentially serves as the foundational rights infrastructure of the emerging Generative AI economy. Its functionality extends to fostering the development, interoperability and administration of AI Characters and Assets, the fundamental elements shaping the intelligent world of tomorrow. 

This protocol operates through a robust set of persistent and decentralized smart contracts, which autonomously enforce the stipulations laid out by ALI token holders. Consequently, developers can create AI DApps and assets that are mutually compatible. It also establishes a secure and trustless platform for trading tokenized AI assets. Among the multitude of DApps designed on the AI Protocol are noahsark.ai and mycharacter.ai.

DeepBrain Chain is a high-performance computing network that can scale infinitely. It employs a distributed AI computing platform built on a blockchain, which allows for the secure, private and cost-effective use of AI capabilities.

The platform enables AI developers to rent out computing power from other users on the network and pay for it with DBC tokens. This model significantly reduces the cost of running AI applications, making it more affordable for businesses.

Large corporations have used DeepBrain Chain to develop cloud-based games, semiconductor simulations and pharmaceuticals.

DeepBrain Chain also provides a privacy layer to ensure that no one can share sensitive data without permission.

Hera Finance is an AI-powered multichain 

 aggregator that uses AI to connect to different automated market makers (

) to find the best route discovery between token pairs with the highest liquidity and lowest gas fees. Hera can make over 252,000 calculation attempts on each query. It finds all liquidity pools and creates routes without overdraft scenarios, compiles all these routes and approves them in a single transaction.

The network also uses trade-splitting and multi-hop features to find the best route at which the paths found are divided according to the amount of input. Paths create individual routes that cater to one another, thereby making the maximum output amount. In other words, maximum income is obtained and a balance is created in the pools.

HERA Guard, a built-in feature, helps users to ensure there's 0% 

 while swapping coins. Still, users can choose to customize their slippage tolerance. However, some transactions may not get processed, due to the high volatility. 

15 Best Artificial Intelligence (AI) Crypto Coins To Look Into Now (2024)

Grab Up to 5,000 USDT in Rewards

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