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

Options

In the stock market, options are a popular trading class, and crypto options are gaining popularity both with institutions and the public.

At first glance, crypto options may appear to be a foreign concept … especially to the uninitiated. Though more technical than day-to-day trading, there’s no need to be intimidated — when broken down into bite-sized pieces of information, crypto options are, in fact, not as complex as you may think. For starters, let’s take a look at how crypto options are priced.

At its core, the price of a crypto option is determined by two key parameters: Intrinsic value and extrinsic value. In this article, we look at crypto option pricing, delving into the aspects which make a crypto option valuable. If, while reading this article, you feel confused at any point, just sit tight and read on till the end … we promise it will all eventually make sense.

An option can be defined as “an agreement that confers the buyer the liberty (not the obligation) to exchange or buy a current or existing investment at a foreordained price before a particular date.” A 

 follows the same underlying logic as a stock option, but has more potential for leverage.

Options have somewhat diminished the dangers and expenses associated with buying stocks. They’re a useful technique for trading digital assets. Options provide investors an amazing chance to anticipate or guess the future value of an underlying asset, which can then be purchased in fiat or digital currencies. 

Crypto options are arguably more desirable than their stock counterparts, since cryptocurrencies such as 

 can go for thousands of dollars per coin/token. With crypto options, you can invest in a certain cryptocurrency without owning the actual asset, and stand to profit exponentially at a lower risk level.

This may be the least difficult concept to grasp. An option is declared to possess intrinsic value if it’s worth something at the time of expiration. 

For example, let’s presume the market cost of an asset to be $70 and the investor possesses a call option worth $60 each. This call option has intrinsic value and is declared as

 because, at expiration, the investor can acquire a hundred shares at $60 instead of the current market cost of $70. 

Therefore, the intrinsic value is defined as the difference in value between the call option and the underlying stock price. In this situation, $70 − $60 = $10.

Alternatively, a call option is declared as

 if, at termination, it has no intrinsic value. Following a similar illustration, presuming the stock price tumbles to $50, it would retain no intrinsic value because no investor will call at $60 when the current market cost is $50. This renders the shares worthless.

A put option is declared to possess intrinsic value if its price is higher than the current stock price. 

For example, presuming that an investor buys a put option of $75 when the market price is $70, the investor retains liberty to trade at $75 regardless of the current market price. The intrinsic value estimation, as those mentioned above, is calculated as the difference in value between the prices of the option and stocks. For this situation, $75 − $70 = $5. This infers that each share retains an intrinsic value of $5.

Again, presuming the stock price ascends to $80, and the put option is worth $75, the put is viewed as OTM because the vendor can just trade at the $75 put value, instead of the $80 stock market price, which renders the put option valueless.

EV incorporates a blend of different variables , including implied volatility and time decay, which we'll consider later in this article.

Essentially, two types of options exist: Call options and put options. A call option allows an investor to acquire an underlying asset, while a put option allows an investor to sell an underlying asset.

When buying this option, an investor (the buyer) earns the freedom to acquire contracts from the vendor of the specified asset at a fixed value commonly described as the “

.” This exchange window is open for only a limited duration, as the buyer must utilize their “call” before the particular date of expiration. 

 is generally held in expectation of a rise in the market price of the stock. This is because in a scenario where market price outperforms strike price, the investor buys the stock from the seller at the strike price, which is lower than the current market price, thus inducing a profit.

Otherwise, the stock price dwindles, and the investor lets the call option expire, with the only loss being the premium fee (a specific amount paid to purchase the option).

 gives the buyer the freedom to compel the vendor of the “put” to pay for a hundred shares of a specific stock at the strike price from them. The put option is held with a bias to see a drop in the market price of a specific stock, far below the strike price. When this occurs, the vendor who traded the put is compelled to pay for the shares at the strike price, which is above the present market price, resulting in a profit for the buyer. 

However, if the market price spikes instead of diminishing, the smartest move is to let the option reach expiration, and forfeit just the premium fee. The put option works as a protection system, a type of insurance that secures the buyer from an excessive stock value decline.

A few factors influencing the value of options (which can be referred to as extrinsic value) — are unavoidable. These are as follows:

Fluctuations in the underlying stock price directly influence the worth of both call and put options. A spike in the price of a certain stock will naturally prompt a boost in the price of call options, on the grounds that the stock can be acquired at a cost less expensive than the prevailing market price. Likewise, a decline in stock price will bring about an increment in the price of put options on the grounds that the stocks are being sold at a more exorbitant price than the plunging stock price.

 is quite complex. It’s upheld by a component referred to as 

. This factor takes into account the market value of a stock over a specified time frame. 

Within the legitimacy time frame of an option, a trader is regularly expected to input future volatility. Of course, no trader knows what will occur in the financial exchange market. The trader can make a calculated assumption by analyzing past variables, such as profits, interest rates and time span.

These factors give rise to what is known as implied volatility, which is a vital indicator utilized by

 to estimate the possible period of occurrence of future volatility.

Implied volatility is utilized to determine the price of options, regardless of whether they’re cheap or costly. The higher the

, the higher the premium levels, and vice versa. Once investors fully grasp this concept, they can observe when to buy (when the premium fee is low) or when not to buy (when the premium price is expensive).

Time is a simple concept in the real world. However, it takes a great deal of experience and research to completely comprehend its impact on a stock, due to a concept known as 

. Time naturally leans toward the stock trader, meaning that the stock prices of good organizations tend to increase over a period of time. 

Then again, time can be the adversary of the options trader. Assuming there is no perceptible change in the price of a stock over a period of days, it automatically leads to a decline in the value of the option. Furthermore, as an option approaches expiration, its value generally diminishes. 

There are different models used to determine the price of an option — and each model comes with different assumptions. Many of these models consider a few variables, such as strike price, volatility, current market price, interest rates and time to expiration, in order to give a close estimate of (or accurate conclusion on) the price of an option. 

Of the many models used to price options, a few notable ones are the

. All of these models share a similar goal: To calculate the chances of an option being ITM at the point of expiration so that a monetary value can be given to it.

Here, we’ll consider one of the most renowned models, the Black-Scholes model, to understand how it works.

 came together and created a formula for obtaining a theoretical price for derivatives with time to expiration. They published a pricing model in 1973 that’s now referred to as the beginning of an evolution for the contemporary options market.

The Black-Scholes model formula is as follows: 

As seen from the image above, the Black-Scholes model comprises 7 variables in total:

Here are some of the assumptions made for these variables: 

While the Black-Scholes model is highly respected, all its assumptions don't hold true now. This has introduced 

 to suit market conditions better. There are also other models to consider in pricing options.

Such unpredictability makes cryptocurrency trading a challenge for unprepared financial investors. Unlike stock options, where 1 contract is equivalent to 100 shares, in cryptocurrency, 1 contract is equivalent to 1 share (e.g., 1 BTC.) 

 interest in an organization, so a stock's performance relies on the organization's prosperity over the long haul. Since cryptocurrency is, for the most part, not backed by resources or income, it depends heavily on favorable public and corporate sentiments to raise its price.

Stock and cryptocurrency markets have been found to be largely correlated, and this correlation looks to increase 

. When the stock market is in the red, major investors (e.g., financial institutions, crypto whales) may choose to liquidate crypto assets in favor of stocks, causing the prices of the former to plunge.

Cryptocurrency options are run on a round-the-clock basis, while stock options typically run on weekdays during regular market hours (9am–5pm).

Getting started with crypto options is as simple as these three steps:

There are many different platforms available with different offerings, and they vary in security, reliability, ease of access and ease of use. There’s no one-size-fits-all: We recommend you DYOR to find the best fit.

The fundamental benefit of buying crypto call options is that a call trader doesn’t have to commit to exercising the contract if the seller in question would rather not. The risk for buying call options is restricted to the fee paid for the premium. This means that on the off chance that the market moves against call traders, they don’t need to stress over incurring losses aside from the premium fee. With high potential gains and restricted loss, crypto options serve as a good investment.

[Editor’s note: A word of caution — don't jump into crypto options purely because of hype, and never invest more than you can stand to reasonably lose.]

Crypto options are becoming very popular. From a trader’s point of view, the level of 

 crypto options come with, as well as the mitigation of losses they provide, make them a great investment opportunity.

As we’ve said before, it might seem all technical and complex at the beginning, but spending the time to understand crypto options and reading

 with focus will help you become an expert.

Options Pricing: How It Works & Why It Matters

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