Nov 25, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Trump's Planned Crypto Advisory Council

President-elect Donald Trump has pledged to establish a crypto-friendly administration, which includes forming a new advisory council for the cryptocurrency industry. Major companies like Ripple, Kraken and Circle are vying for positions on this council to influence U.S. digital asset policy.

The council is expected to be based within the White House, likely under the National Economic Council, and will coordinate policies related to cryptocurrencies, advise Congress and help create a national Bitcoin reserve. Industry leaders, including executives from Coinbase and Circle, have expressed interest in joining.

Trump’s transition team is also considering appointing a "crypto tsar" to lead the council. Former CFTC officials, such as Heath Tarbert and Brian Quintenz, are advising on crypto policy as the administration seeks to roll back Biden-era enforcement actions against crypto companies.

While excitement over a pro-crypto administration has contributed to Bitcoin's surge toward $100,000, some consumer groups have raised concerns about the industry shaping its own regulations. 

Weekly Crypto Highlight — Bitcoin Tests $100,000 as ETF Flows Intensify

U.S. Spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, accumulating over $30 billion in total net inflows since their inception in January 2024. This surge in investment reflects a growing interest in Bitcoin, as well as a favorable market environment.

The rise in net inflows and trading volume can be attributed to heightened bullish sentiment in the market, particularly following the re-election of former president Donald Trump. His return to the political forefront has sparked optimism among investors, contributing to increased confidence in cryptocurrency investments.

As a result of this influx of capital, the total net asset value of these Bitcoin ETFs has exceeded the $100 billion mark as of Wednesday, Nov 20, 2024. This achievement underscores the growing acceptance of cryptocurrencies in mainstream finance, and highlights the potential for continued growth in this sector. The strong performance of these funds signals a robust demand for Bitcoin, and could pave the way for further developments in cryptocurrency investment.

Advanced

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Weekly Institutional Insights: Bitcoin Tests $100K as ETF Flows Intensify

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.

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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

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Altcoins

Ethereum Triple Halving contributes to the ETH deflationary model. But is it viable and will ETH price soar? Here's what you need to know.

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 has been one of the most popular altcoins. It's reputable, just like Bitcoin, but it mainly boasts its utility. One of the newest changes to Ethereum has been the 

 upgrades. These adjustments allowed Ethereum to transition from a 

 (PoS) model. If you've been looking into these changes, you might come across the term — "Ethereum Triple Halving." Many investors, traders and industry experts are looking on with an eagerness of anticipation to see how it will impact the ETH prices, fees and more. 

In this post, we'll break down what exactly Ethereum Triple Halving is and highlight its potential implications for users, developers and stakeholders. We'll factor in the current market expectations and sentiment surrounding the ETH price movement leading up to and following the coin's 

. By the end of the blog, you should be better equipped with the ins and outs of ETH to make an informed decision about your investment. 

Ethereum Triple Halving involves a reduction of ETH's block reward from three (3) ETH block rewards to one (1) ETH, which will happen every four to six years. It is designed to reduce the inflation rate within the Ethereum network, in which the move is likely beneficial to increase the value of ETH over time. The term gets its name from the practice of 

, where Bitcoin mining rewards are halved every four years. Triple halving is similar, but it happens at a much larger scale. This is accomplished by reducing the block reward miners receive every time they successfully verify a transaction block. Similar to Bitcoin halving, Ethereum miners will be rewarded with the token whenever a coin is newly minted. However, Ethereum also pays out transaction fees associated with every mined block. 

How Does the Ethereum Triple Halving Work?

Multiple factors behind the drop in ETH issuance are mostly tied to the transition from PoW to PoS mining. This essentially means the number of ETH created with each block will decrease over time. Since PoS is less intensive than PoW for miners, Ethereum is reducing the reward for token validators. 

Before the change, miners generated around a 4% increase in tokens per year. Afterward, there will only be a 0.5% increase in tokens per year. In other words, triple halving will trigger the reduction of miner rewards from three ETH per block to one ETH every 12 seconds across all mining pools. This reduction will ultimately help to incentivize miners to move towards transaction fees as their source of income. 

In addition to reducing the number of coins produced, the Ethereum upgrade also reduces the number of circulating coins. To mine ETH, miners must show proof of having a cryptocurrency staked. The new mechanism involves 

 where miners' existing tokens are locked for several months after they begin mining. These assets can't circulate until the locking period is up, so ETH staking means there will be less ETH moving around on the network.

When it comes to token burning, with each transaction, a small percentage of the token will be sent to an address that can only receive tokens instead of sending them. This "burns" the tokens and removes them entirely from circulation. The 

 is essentially a fee you pay for any transaction, and it also means that the token supply will drop slowly over time. This intentionally deflationary method helps keep supply from increasing rapidly.

Ethereum's History: Proof of Work vs. Proof of Stake vs. The Merge

To understand why all these changes are happening, it's important to understand Ethereum's history. Ethereum was first launched as a traditional cryptocurrency. However, as it grew, the founders realized there were some scalability issues. They ultimately decided to make an alteration to their network to address these issues, ensuring the blockchain could continue to function as a development platform.

Starting in 2020, Ethereum began the official 

 through the Ethereum Merge. The PoW is a token mining method where people use computers to solve mathematical puzzles and then get rewards for their effort. Meanwhile, PoS relies on the random selection of available validators who staked their crypto to validate a transaction.

PoW is controversial because of its cost and environmental impact. Meanwhile, PoS is more straightforward to implement and less resource-intensive to manage. This makes it more scalable to validate new transactions and gets token holders more involved with the Ethereum blockchain. 

Starting in December 2020, Ethereum launched the 

 to test Ethereum staking. This went so well that they decided to move the Beacon Chain to the main chain in an event called The Merge. Implemented in September 2022, The Merge turned the main Ethereum chain into a PoS consensus mechanism.

What Do Validators Consuming Less Energy Post-Merge Mean?

One of the big selling points for The Merge is that it's more eco-friendly. Validators will use less energy because they no longer have to run computers for days to mine coins. Previously, the only way to create a new ETH was by feeding computer energy so it could solve mathematical puzzles. Since crypto mining uses up to 

 of electricity each year, this mining method is a massive source of environmental damage.

The proof of stake validation transition is expected to reduce energy consumption by 99.84%. Almost no computation energy is required for Ethereum 2.0 because the new mining method consists of participants voting to validate a new transaction successfully. The only energy consumed is the energy needed to run the systems for a few seconds. This massive decline in power will mean that Ethereum is significantly more sustainable.

How Does Ethereum Triple Halving Affect the Price of ETH?

When the Ethereum Triple Halving process first took effect, prices dropped drastically. Despite ETH users anticipating The Merge for years, token prices dropped by over 20% in the days following the triple halving. The coin dropped from around $1,700 to roughly $1,200.

 was mostly from day traders speculating wildly in the days leading up to The Merge. After a brief period of being over-inflated, The Merge encouraged the ETH price to stabilize. Since then, prices have fluctuated within a plausible range, but they are on a steady rise. As of early February 2023, ETH is slightly over the $1,640 range.

How Does Triple Halving Impact the Scarcity of ETH?

One of the most notable effects of the Ethereum Triple Halving is that it changes the supply of ETH. Triple halving doesn't mean that the number of ETH in circulation will drastically drop. However, it will greatly slow the rate at which tokens are generated. While other cryptocurrencies will continue adding hundreds of tokens daily, Ethereum's production rate will be much slower.

This will give Ethereum tokens more scarcity than other cryptos. Due to the effects of The Merge, it is now officially a deflationary token. In the future, it may be a challenge for investors to get their hands on ETH without paying a high price. The scarcity also makes ETH a more logical choice for transactions because people can accept payments without worrying that inflation will make their funds valueless over time.

The practice of "burning" a small portion of ETH each time a user makes a transaction has dramatically contributed to the triple halving. Under the 

, users agree to pay a small base fee for each transaction, which is immediately burned, and users can also pay a small tip to prioritize their transactions.

The exact amount of the base fee burn varies depending on how full the blocks are. It can increase and decrease by up to 12.5%. Over time, all these small percentages add up quite a bit. They allow extra Ethereum tokens to be removed from circulation, which can help to reduce potential inflation. There has already been a noticeable effect from the EIP-1599 burn. Since this fee burn went into effect in 2019, it's burned over two million ETH.

What Are the Ethereum Triple Halving Price Predictions for the Future?

Ethereum spokespeople emphasize that triple halving is about long-term success, not short-term profit. As the benefits of the Ethereum Merge slowly appear, prices will hopefully rise. There's certainly a chance the price will continue to fluctuate soon, but most people believe the Ethereum Triple Halving will eventually lead to slow but steady gains.

Prices are predicted to eventually rise because the triple halving will likely allow for future growth and usability. Its main advantages will lie in making ETH more stable and versatile than its competitors. Though its prices aren't likely to soar above all other cryptos, triple halving can potentially prevent it from dropping drastically when other cryptos on the market dip.

In the upcoming months, you can expect to see some growth in ETH prices, but don't expect anything too drastic. Most crypto experts are predicting short-term prices in the $1,800 to $2,200 range. There will be at least a few drops as the sudden changes cause some disruption among ETH users. However, price predictions are a lot more bullish in the long run.

Because Ethereum Triple Halving creates such a bright future for the coins, the outlook is very promising. Deflationary pressure and an eco-friendly mining model will potentially turn ETH into the most usable cryptocurrency for day-to-day transactions. If this happens, prices will likely increase as the number of transactions rises. In the next few years, it's a positive outlook for ETH to break the $2,000 mark again and could easily top out above its previous all-time high of $4,811.

What is Ethereum's price likely to be in the next decade? Though everyone agrees that the value of Ethereum tokens is on the rise, they are still determining how much their price will increase. Some investors offer extremely optimistic guesses. Ark Invest released a report saying they believe Ethereum will meet a 

 by 2030, meaning each ETH coin would have a price of roughly $170,000. Likewise, Pantera Capital's CEO says he believes ETH will hit six-figure prices by 2030.

While such high prices would be impressive, most economists recommend a little more caution. The reality is that the days of random crypto rocketing to sky-high prices might be in the past. Instead of extreme volatility, some experts believe we will see slow, steady rises similar to more traditional assets. According to these models, Ethereum may reach prices of around $20,000 per token by 2030.

The ETH Triple Halving is an interesting side effect of the Ethereum Merge. This series of upgrades to the coin will transition the crypto to a PoS model, and it also means the amount of new Ethereum tokens will drastically decline. All of these changes are likely to cause some volatility for ETH prices in the next few months, but they have the potential to make the coin a lot more valuable in the future. Interested in learning more about Ethereum and crypto investing? Check out 

How Will Ethereum Triple Halving Impact ETH's Price?

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