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

Trading

Having trouble deciding when's the best time to trade crypto? Here are some factors you'll need to consider when determining when to trade crypto.

Did you know that the time you choose to buy and sell your crypto makes a big difference? Of course, most traders know the basics of selling at a high price and buying at a low price. However, there are also a lot of other little details to consider when picking the best time to trade crypto. Cryptocurrency market analytics reveal that certain times of day and certain days of the week provide unique advantages to investors. According to investment advice experts, here's what you need to know about the best time to trade crypto.

Finding the best time to trade crypto can be somewhat complex because cryptocurrency markets are always open. Unlike stock markets, cryptocurrency markets don't have set trading hours with breaks on weekends. Instead, they’re constantly operating. You can trade cryptocurrency 365 days a year, 24 hours a day.

This results in some unusual market trends. Instead of having big rushes to trade crypto at opening and closing times, crypto market activity is a lot steadier. People trade crypto throughout the day instead of concentrating trading activity at a few specific times. Furthermore, cryptocurrency is an international currency, so it can operate in all time zones. Compared to stock market trading hours, cryptocurrency trading hours tend to vary more.

Factors to Consider When Deciding the Best Time to Trade Crypto

There's no single best time to trade crypto because the cryptocurrency market is so complex. Instead of just letting someone tell you the best time to trade crypto, you'll need to stop and consider your own goals first. The best time to trade crypto will vary greatly, depending upon what you're hoping to accomplish. Here are some essential factors you need to consider before picking your optimal cryptocurrency trading time.

Depending upon the crypto you buy and the crypto exchange you work with, you can expect to pay 

 of the total transaction volume for each transaction. If you're day trading crypto and operating on thin margins, trading fees can eat away at your profits. For some traders, the best time to trade crypto will be the time when gas fees are lowest.

Market volatility is another factor that can determine the best time to trade crypto. Statistically, crypto markets are 

 in the local time of the crypto's biggest market base. For some traders, market volatility is a good thing. It provides a lot of opportunities, especially if you work with 

. However, market volatility can be confusing for beginners, so some traders may find that the best time to trade crypto is when the market is more stable.

The crypto market is heavily impacted by 

. Economic disasters can cause prices to plummet, while news of exciting crypto projects can make market prices soar. It's worth it to pay attention to 

 no matter what your trading strategy is because current events can disrupt the market and temporarily render popular trading times useless.

Your trading style has an impact on deciding your best time to trade crypto. A person who makes hundreds of trades per day while hoping to capitalize on tiny fluctuations in price will have a very different strategy from a person who buys promising cryptos and holds them for months, in the hope that their market prices will drastically rise.

Don't forget that the best time to trade crypto also depends upon your personal schedule. You're more likely to make mistakes if you're trying to trade while you're half asleep or busy at work. Always make sure you choose a trading time when you can calmly consider options and thoughtfully make purchases.

Many crypto markets follow patterns. If you analyze pricing history closely, you can see certain recurring market trends, like a bull bias during a four-hour period each day. Using these types of trading tools usually requires a focused approach and the ability to navigate a lot of software and data. However, if you like a research-oriented trading strategy, following 

 patterns can be a great way to pick the best time for you to trade crypto.

Watching cryptocurrency market trends in other time zones is also important. The United States, Japan and South Korea conduct the 

, so if you're outside these time zones, you can find some unique opportunities. Some traders like to create strategies that focus on the fact that they trade when most investors are asleep.

Overlapping market hours occur when multiple regions with many crypto traders are active. For example, both New York and London traders are 

. If you prefer trading during times with a lot of trading activity, it may be worthwhile for you to take advantage of these overlaps.

Ultimately, there are a lot of different times that can be the best time to trade crypto. One person's perfect time to trade crypto might be a disaster for another crypto investor. For people looking to 

, the best times are often those with a lot of volatility and high trading volume. However, if you prefer long-term investments, the best time to trade crypto will depend more upon historical cryptocurrency market trends.

Keep in mind that selecting the best time to trade crypto can’t compensate for a poor investment strategy. If you're making unwise decisions or working with an excessively high-risk tolerance, you'll run into problems no matter what time of day it is. This is why it's so important to pick your trading strategies first, and then find the best time to trade crypto for your specific situation.

With so many different strategies for timing the market, you'll need to approach this concept thoughtfully. Follow the tips below to ensure you find the best time to trade crypto for your specific needs.

Once you have an idea of the types of market conditions you're looking for, it's easy to start watching cryptocurrency market trends and find the best time to trade crypto. Analysis of pricing data and crypto market trends reveals that certain times are especially good for traders. Depending upon how often you want to trade, below are the best times to trade crypto.

For the typical trader, the best time to trade crypto will be when there’s plenty of market activity. This occurs between 12PM and 8PM UTC, which coincides with typical workday hours in the United States. Pricing data suggests that volatility is particularly high around 1PM UTC. However, if your main goal is to reduce fees, you might want to pick a different time of day. Gas fees and other trading fees are lowest 

When finding the best time to trade crypto, it's also worth looking at trends throughout the week. Bitcoin prices tend to be highest on Mondays and Tuesdays, while they're particularly low on Thursdays and Fridays. Therefore, some investment advice suggests you sell at the beginning of the week and buy cryptocurrency at the end of the week. 

Though most big investment firms don't trade on weekends, there can be some advantages to trading during this often-overlooked time. Gas fees are particularly low if you pick weekends to buy cryptocurrency.

The history of Bitcoin prices reveals that most investors make a bigger profit at the beginning of the month. Though prices can be higher at the end of the month, the biggest jumps in price overall tend to occur at the beginning of the month. In the first ten days of a month, keep an eye out for low-priced crypto because its coins could potentially undergo a large increase in price.

Statistically, the biggest crypto gains tend to happen in spring and autumn. Traders tend to make more profits if they buy crypto during October through November and April through May. Meanwhile, the lowest amounts of profit occur in late summer. These cryptocurrency market trends usually occur because the market’s trading volume and level of volatility are generally lower during times with a lot of holidays, school breaks and vacations.

Finding the best time to buy cryptocurrency is just one small part of the puzzle. To be successful, you also need to 

 crypto and trading strategies carefully and work with a convenient crypto exchange. Bybit makes it easy to find the best time for you to sell and buy crypto. With a broad range of market analysis tools, users can examine the market and identify useful times to buy Bitcoin and other popular cryptos.

Trading crypto on Bybit follows three simple steps:

If you want to maximize your crypto profits, it pays to consider the time of day, week and year. Most trading happens during the American workday, and investors can use this knowledge to take advantage of volatility or find lower gas fees. Keep in mind that different times provide different perks, so don't be afraid to experiment until you find the best time to trade crypto for your specific needs.

Is There a Best Time to Trade Crypto?

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