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

Trading

Limit orders are primarily used to control the execution price while stop orders serve as triggers for market orders when a specified price is reached.

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Limit orders and stop orders are commonly used in market trading. They provide strategic control and automation for traders, and understanding their functionalities is crucial for success. However, there are distinct differences between these two order types. In this article, we’ll explore these differences, as well as the benefits and drawbacks of each.

 is a type of order used in trading to specify the minimum price (for sell orders) or maximum price (for buy orders) at which an investor is willing to buy or sell a particular asset.

 It gives traders more control over their trades by setting specific price parameters. A limit order remains active until it’s either executed or canceled by the trader.

A buy limit order lets a trader set a specific price at which they’re willing to buy a cryptocurrency. For example, if 

 is currently trading at $2,000, an investor may place a buy limit order at $1,950. This means that the investor is only willing to buy if ETH reaches or falls below the specified price of $1,950, at which point the buy limit order is triggered and the investor's broker will attempt to execute the trade.

Buy limit orders are commonly used by traders who believe that the market price of an asset will drop before they want to enter a 

. By setting a buy limit order, traders can automatically buy the asset at a predetermined price if the market reaches that level, allowing them to potentially benefit from a lower entry price.

A sell limit order is used when a trader wants to sell a crypto at a price higher than the current market price. For instance, if 

 is currently trading at $2,000, an investor may place a sell limit order at $2,100. This means that the investor is only willing to sell the crypto if it reaches or exceeds the specified price of $2,100. If Ethereum's price rises to $2,100 or higher, the sell limit order is triggered, and the investor's broker will attempt to execute the trade.

Sell limit orders are commonly used by traders who want to sell an asset at a specific price or higher. They may have a target price in mind, at which they believe the stock will reach its maximum potential or encounter resistance. By setting a sell limit order, traders can automate the process of selling their asset at its desired price, helping them lock in profits or manage risk.

 or stop entry order) is used in trading to limit potential losses or to initiate a trade when the market price reaches a certain level.

 It’s designed to protect traders from significant losses and to allow them to take advantage of potential price movements.

In cryptocurrency trading, a buy stop order is used when a trader wants to buy a crypto asset at a price higher than the current market value. For example, if 

 is trading at $19,000 and a trader expects the price to reach and surpass $20,100, they may place a buy stop order at $20,100. If 

 reaches or goes above $20,100, the buy stop order is triggered and the trader's broker will attempt to execute the trade.

Buy stop orders are commonly used by traders who believe that an asset’s price will continue to increase after it breaks through a certain resistance level. By setting a buy stop order, traders can automatically enter a long position once the asset’s price surpasses a predetermined level, helping them capture potential gains.

Conversely, a sell stop order is used when a trader wants to sell an asset at a price lower than its current one. For instance, if Bitcoin is trading at $20,000 and a trader wants to limit their potential losses by selling if the price drops to $18,950, they may place a sell stop-loss order at $18,950. If Bitcoin's price reaches or falls below $18,950, the sell stop-loss order is triggered, and the trader's broker will attempt to execute the trade.

Sell stop orders are commonly used by traders to protect themselves from further losses if an asset’s price drops below a certain support level. By setting a sell stop order, traders can automatically sell their assets if the market reaches its predetermined level, helping them minimize potential losses and manage risk effectively.

Differences Between Limit Orders and Stop Orders

Although limit orders and stop orders are both used in trading, they have distinct differences in their functionality and purpose.

The primary difference between a limit order and a stop order lies in how these orders are used.

 at which a trader wants to buy or sell an asset. When a trader places a limit order, they’re essentially setting a price boundary and stating that they’re only willing to buy or sell at that specific price or better. The order remains active until it’s either executed or canceled, offering traders more control over the execution price. Limit orders are commonly employed by traders who want to ensure that they enter or exit positions at specific price levels.

 or initiate trades when the market price reaches a certain level. A stop order acts as a trigger point that activates a market order when the stop price is reached. For example, a trader may set a sell stop order below the current market price to limit potential losses if the price drops further. Stop orders are frequently used as 

 tools, allowing traders to automate the process of exiting a position if the market moves against them.

It’s important to note that while limit orders provide price control, they do not guarantee execution. The possibility exists that the market may reach the specified limit price, and the order may go unfilled. On the other hand, stop orders guarantee execution once the stop price is reached, but the execution price may differ from the stop price if there’s 

In summary, the key difference between limit orders and stop orders is their

. Limit orders focus on controlling the execution price, while stop orders serve as triggers for market orders when a specified price is reached. Understanding these distinctions is crucial for traders in order to utilize these order types in different market conditions effectively.

Both limit orders and stop orders offer unique advantages and disadvantages that traders should consider when incorporating them into their trading strategies.

: Limit orders allow traders to specify the exact price at which they’re willing to buy or sell an asset. This control over the execution price can be beneficial in achieving desired entry or exit points.

: By setting limit orders, traders can avoid adverse price movements and prevent overpaying for an asset or selling at a lower price than desired.

: Limit orders encourage traders to be patient and disciplined by automating a specified price level for the market to reach before they execute a trade. This can help traders avoid impulsive decisions based on short-term market fluctuations.

: A limit order may not be executed if the market doesn’t reach the specified limit price. Even if the price is reached, there may not be enough liquidity to fill the position, possibly resulting in missed trading opportunities or delayed execution.

: During periods of high market volatility, limit orders may not be executed, since liquidity may be reduced — especially if the market quickly moves away from the specified price level. Traders may have their orders partially filled or not at all.

: Stop loss orders can serve as effective risk management tools by automatically triggering the sale of an asset if its price drops to a predetermined level. This helps limit potential losses and protect trading capital.

: Stop orders can also be used to initiate trades by automatically triggering a buy order when an asset’s price breaks above a specified level. This allows traders to enter positions when the market confirms a particular trend or breakout.

: Stop orders can remove emotional bias and indecision from trading. Predetermined levels can be automatically set, and once triggered, the trade is executed without manual intervention. This reduces the impact of emotions on trading outcomes.

: While stop orders guarantee execution, the actual execution price may deviate from the stop price due to market volatility, slippage or gaps. Traders may encounter unexpected losses or suboptimal entry prices.

: In volatile markets, stop orders can be vulnerable to whipsawing, in which prices quickly reverse direction after the stop order is triggered. This can result in premature exits or false trade initiations.

By understanding the advantages and disadvantages of limit orders and stop orders, traders can make informed decisions about when and how to utilize these order types effectively. 

A stop-limit order is a conditional order that's a combination of a stop order and a limit order. 

It gives traders more control over the precision of their trade execution by setting both a stop price and a limit price. When the market price reaches the stop price, the stop-limit order becomes a limit order, and the trade will only be executed at or better than the specified limit price.

The stop price in a stop-limit order serves as the activation or trigger point. Once the market price reaches or falls below the stop price for a sell order (or reaches or rises above the stop price for a buy order), the stop-limit order is activated and is converted into a limit order.

The limit price in a stop-limit order determines the maximum or minimum price at which the trader is willing to buy or sell the asset. Unlike a traditional stop order, in which the execution price isn’t guaranteed, a stop-limit order gives traders more control over execution price by setting a specific limit.

Let's consider an example. Suppose a cryptocurrency is currently trading at $25, and a trader aims to exit their position if the price falls to $20 or below. In this case, the trader would place a stop-limit order with a stop price of $20 and a limit price of $19.50. If the crypto's price reaches or drops below $20, the stop-limit order is triggered and becomes a limit order to sell the stock at $19.50 or at a more favorable price if available.

Stop-limit orders can be beneficial in volatile markets, as rapid price fluctuations are common. They allow traders to set exact price levels for trade execution and mitigate the risks associated with slippage or unexpected price gaps.

However, it’s critical to note that stop-limit orders may not guarantee execution if the market doesn’t reach the specified stop price. Additionally, in times of heightened market volatility, there’s a chance that the limit price specified in the order may not be filled, resulting in a missed trading opportunity.

Understanding the differences between limit orders and stop orders is essential for traders. Limit orders provide control over execution prices, ensuring traders can buy or sell at desired price levels. On the other hand, stop orders offer risk management and guaranteed execution, regardless of price. The introduction of stop-limit orders gives traders more precision in their trade execution by setting both stop and limit prices. By incorporating these order types into their trading strategies, traders can enhance their decision-making, manage risk effectively and improve overall trading outcomes.

Limit Order vs. Stop Order: How Are They Different?

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