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

Bybit Learn

Bybit Card

Activate and use your virtual Bybit Card today hassle-free for online purchases and subscription services like Netflix and more to earn cashback rewards.

Virtual_Card_to_Make_Purchases_Online_1.jpeg

Online shopping has recently become a norm for most people, particularly for its convenience and accessibility. Whether it’s grocery shopping or food deliveries, the practicality is hard to beat. So, when it comes to payments, you want a system that’s just as flexible while being robust. That's where Bybit Card comes in handy: a digital payment option designed to streamline your online shopping experience, offering a seamless, secure and efficient payment method.

The virtual Bybit Card isn't a physical plastic card, but rather exists online. It's the digital equivalent of a physical card, with a unique card number, expiration date and CVV number. 

It can be easily added to any supported digital wallets.

The virtual Bybit Card enhances your online shopping experience, providing added control, security and convenience. In this guide, you'll learn how a virtual Bybit Card works — and how to maximize it to the fullest.

Physical vs. Virtual Bybit Card: The Differences

 is a Mastercard debit card that lets you spend, store and access your funds for easy spending on the go. The card is meant to integrate the utilization of cryptocurrencies into your daily life. 

The virtual Bybit Card functions similarly to the physical card, except that the physical card allows you to make in-store purchases that support contactless, chip or PIN payment methods. 

Bybit users who are eligible and have passed the application process are entitled to use the virtual card instantaneously upon activation. 

However, those who wish to have a physical card must complete the 

The virtual Bybit Card operates just like your regular credit or debit card, but with an extra layer of protection. When you're ready to make an online purchase, you enter your virtual Bybit Card details, just as you would with a physical card. The transaction is processed similarly, but without your actual card details ever being exposed.

You might be wondering about the practicality of using a virtual Bybit Card. For instance, how do you keep track of your card details if there's no physical card? The good news is that all your virtual Bybit Card information is stored securely online, accessible via your Bybit Account. This means you can access your card details anytime, anywhere — without carrying a physical card.

Benefits of Using a Virtual Bybit Card for Online Shopping

There are a few key benefits to using a virtual Bybit Card. 

The virtual Bybit Card provides safe and secure transactions and ensures user convenience in the digital space. Incorporating advanced security measures like end-to-end encryption and biometric authentication offers its users an extra layer of safety. Moreover, real-time transaction notifications and instant freezing options allow Bybit Card users to maintain firm control over their spending. 

This cutting-edge digital solution is also ideal for those wishing to keep their banking information private, as it enables you to transact without revealing sensitive data. Indeed, the virtual Bybit Card is revolutionizing the way we conduct online transactions by prioritizing both user security and convenience.

Bybit Card is designed to streamline this process. As a virtual card, it can be closed instantly, if necessary, without affecting your main account on Bybit. Furthermore, with the Bybit Card, you can immediately generate a new card number and update your vendor's information without waiting for days, as traditional credit and debit cards require.

The virtual Bybit Card adds a new dimension to convenience, enhancing the user experience with its unique features and seamless functionality. It’s an ideal tool for managing your digital assets, given its creation, and usage. With increased control over spending and transaction security, the virtual Bybit Card caters to the demands of modern-day online shopping experiences. Moreover, its compatibility with mobile apps and online accounts ensures hassle-free use across various digital platforms.

Competitive Fees and Cashback Rewards Same As Physical Card

Bybit Card users enjoy the same competitive fees for both the physical and virtual card version. You can save up to 8% APY when you turn on the 

 for your idle crypto inside their Bybit Funding Account. In addition, using Bybit Card helps you unlock higher cashback of up to 10% for your daily spending. Users who wish to earn even more rewards can opt to refer new Bybit Card referees — and earn up to 30 USDT for every successful referral and up to 100% cashback for any Twitter X, Telegram, 3Commas and TradingView upgrades. 

Bybit also offers users more exclusive perks to redeem limited physical and digital merchandise within our Rewards Market for all eligible Bybit Card users. 

Here are some of the active campaigns and initiatives for Bybit Card: 

: Users need to log in to their Bybit Account and hold a valid Bybit Card to access the merchandise redemption page to start redeeming their gifts.

Simplified Expenditure Tracking and Management

The virtual Bybit Card is also revolutionizing the way businesses handle financial transactions. Its sophisticated tracking and management tools provide an organized overview of all your expenditures at your fingertips. This can help you keep track of employee spending to ensure that every penny is accounted for. Thus, incorporating the virtual Bybit Card into your operations can lead to improved financial control and a more efficient business model.

Virtual Bybit Card promotes flexibility for users applying and using the card for online spending at their convenience. Virtual cards are free of carbon footprints, thus eliminating plastics and earth metals waste for card production compared to a physical card. It is integrated with the system, and all requests can be made online almost instantaneously without printing and posting a package.  

How to Use the Virtual Card to Make Purchases Online

 have a wide range of practical applications, and can be used in a variety of situations. Some of the most common use cases include:

Virtual cards are ideal for online shopping as they provide a secure and convenient way to purchase without needing a physical credit card. They can also be used for recurring payments, such as subscription services, to help users manage their expenses better.

For example, users can start using the virtual Bybit Card for services like Amazon, ASOS, OTTO, Zalando and more to get their groceries or shop for fashions. Users simply choose Bybit Card as a preferred payment method, and enjoy perks like cashback credited to their wallet.

Subscription Services and Recurring Payments

Virtual cards can be used to set up recurring payments for subscription services, such as streaming, software or other digital products. This can help users better manage their expenses and keep track of their subscriptions:

: Bybit Card is now supported on Apple Pay (EEA only), Google Pay (EEA and AU), Samsung Pay and more (EEA only). 

 can also be a lifesaver, as they can be used to track employee expenses and manage corporate spending. They can also be used for travel expenses, such as hotel and rental car reservations. This can help businesses better manage their costs and keep track of employees’ spending while they travel.

Registering for a virtual Bybit Card is straightforward. First, you need to have a Bybit account. If you don't have one, you can easily sign up online. Once you have an account, you can apply for a virtual Bybit Card from your dashboard.

After your application is approved, your virtual Bybit Card is issued instantly. You can then access your card details from your Bybit account. It's that easy! 

Before we wrap up, let's address some common questions you might have about the virtual Bybit Card.

Can I use my virtual Bybit Card for in-store purchases? 

No. The virtual Bybit Card is designed specifically for online transactions.

What happens if I suspect my virtual Bybit Card’s details are leaked?

Bybit supports hassle-free card cancellation at your convenience. Users can request a new virtual card replacement anytime, 24/7, as a safety precaution if card details are suspected to be infiltrated. Once you receive the new Bybit Card, you can continue spending online securely. 

To understand how this can be done seamlessly, visit our 

What happens if I lose my virtual Bybit Card details? 

Don't worry. You can easily retrieve your card details from your Bybit account.

Is there a fee for using the virtual Bybit Card? 

Most of the time, no. However, some online retailers may charge a small fee. 

To understand the Bybit Card fee structure, visit our 

The world of online shopping is constantly evolving, and the virtual Bybit Card is part of that evolution. It's designed to make your online shopping experience more secure and convenient. With its unique features and functionalities, the virtual Bybit Card is set to revolutionize the way you shop online.

Why not simplify your online shopping experience? Get your virtual Bybit Card today and join the digital revolution.

In the rapidly changing world of e-commerce, staying ahead means embracing new technologies like the virtual Bybit Card. Don't get left behind. Embrace the future of online shopping with a virtual Bybit Card today.

Bybit Card: How to Use Your Virtual Card to Make Purchases Online

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Grab Up to 5,000 USDT in Rewards