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

Crypto

Trading

Crypto trading bots help you buy and sell crypto automatically with high accuracy to maximize profits. Skip the strenuous market monitoring & arbitrage across multiple exchanges with bots.

3Commas_Trading_Bot.jpg

On Wall Street, the saying goes “Money Never Sleeps,” which became an Oliver Stone movie title. Bankers figure that money never sleeps because somewhere around the world, you can always make a deal and at least one type of market is often open and trading. That being said, most financial institutions and markets are closed during nights and weekends. 

By contrast, cryptocurrencies trade around the clock, 365 days a year. It’s biologically impossible for a trader to take advantage of every opportunity in the market. But it’s not technologically impossible. In fact, algorithmic trading plays a huge part in the global financial markets and the 

Once configured, crypto trading bots take over most of the work, seizing opportunities as they arise in the rapidly evolving crypto market. Automated trading leaves no room for guesswork, executing trades with fixed parameters while minimizing execution risk. However, an inaccurate crypto trading bot could also cause heavy losses.

Today, we’ll be taking you through the types of crypto trading bots, highlighting pros and cons, and breaking down a few of the many crypto trading bots on the market. 

A crypto trading bot is an automated software designed to monitor, analyze and execute trades across cryptocurrency exchanges using predetermined inputs. 

Typically, these bots use trading algorithm programs to buy and sell crypto according to specific strategies automatically. The most common algorithms are market making, trend following, and mean-reversion programs. 

Every transaction fee needs to be factored into trading calculations, and the top-performing algorithms pick the best exchange to get an edge on transaction costs. Trading using crypto bots can be powerful, clearing away the complexity and confusion associated with trading different strategies simultaneously on multiple crypto exchanges. 

Given the extreme volatility of the crypto markets, a crypto trading bot can help novice and advanced traders manage risk easier while offering trading flexibility and discipline. Automated crypto trading bots can also take human errors out of the equation and can seamlessly trade crypto across markets faster than any person can. 

Cryptocurrency trading bots use time-tested strategies developed by successful traders. From arbitrage to technical analysis, bots can specialize in specific types of trading. Here’s a breakdown of the main automated crypto trading software available.

 that refers to exploiting price differences across exchanges and profiting off of market inefficiencies. Crypto arbitrage bots compare the price of cryptocurrency coins and tokens across different exchanges. 

Every cryptocurrency exchange will have a slight variance between crypto prices, determined by the participants on that exchange. The only way to capture the variance fast enough and seize profit is to use an arbitrage bot.

These bots move rapidly to trade profitable differences, as markets beat exchange pricing that may be slightly delayed. 

On the other hand, market-making crypto trading bots create a bid-ask spread in the market, which is the positive difference between the selling and buying price. The primary purpose of market-making bots is to fill up order books with buy and sell orders so that other market participants can execute their orders accordingly. 

To sustainably generate buy and sell orders, market makers need to make money as well. Automated trading bots help to place multiple buys and sell orders simultaneously to generate that margin. For example, the bot will create a buy order for $0.49 and sell the same token at $0.51. Once both orders are filled, you net a $0.02 profit.

Technical crypto trading bots trade using preconfigured 

 to seize opportunities. While the technical analysis of current markets can occur intraday or over longer periods.

Most technical trading bots offer both customizable signal trading and social trading, allowing you to follow and copy the indicators of other successful traders. 

Portfolio automation crypto trading bots automatically carry out trades to rebalance your portfolio according to a predefined schedule.

Rebalancing can be set up for your desired cycle, whether it be every 30 minutes, each hour or longer. Simplified portfolio management frees up your time and helps you maintain a well-disciplined portfolio. 

Coin-lending bots automate the process of cryptocurrency lending at profitable interest rates with limited risk. The lending bots operate complex algorithms to constantly monitor the digital asset marketplace, managing and renewing loans.

They manage the supply and demand for loans, creating optimal interest rates for all supported coins.

Every bot will have a different interface, but most resemble the trading screen of your average cryptocurrency exchange. You’ll see charting, order books and automated trading strategies available for selection.

Here’s a glance at the interfaces of a few of the top crypto trading bots available. 

Crypto trading bots communicate with crypto exchanges and place orders based on your preset instructions. Normally, this is done by providing the bot with authorized access to your crypto exchange account via Application Programming Interface (API) keys. 

Once set up with permissions in place, the bot pulls and analyzes market data on the fly, trading automatically based on the configuration you give it. Two core permissions are typically granted: the ability to read and display a balance, and the capability to trade. If you want to stop using the bot, simply revoke the permissions from all affiliated crypto exchanges.

For example, you can deploy a crypto trading bot by connecting your 

. The trading bot allows the bot’s artificial intelligence (AI) to conduct a trade analysis.

Typically, the best crypto trading bots need to go through three stages: 

Trading bots save time with many operations, including portfolio diversification and management, rebalancing, market analysis and smart order routing. 

The best part is that they are customizable to carry out specific tasks. If an action is repeatable with specific guidelines, a crypto trading bot can probably do it for you. For example, crypto trading bots assist in portfolio rebalancing, which can be tedious, time-consuming and needs to be done at intervals. 

Similarly, tasks that require high precision can be assigned to crypto trading bots. Selling an asset at a specific price might be humanly impossible to track as prices change very quickly. Bots monitor crypto exchanges for specific conditions and execute trades at the precise moment needed.

Crypto trading bots also carry out complex trades. For instance, smart order routing requires monitoring countless trade pairs across exchanges to determine the time, quantity and price at which to execute a trade. This needs to be done quickly before market conditions change. Such complex strategies can be implemented using crypto trading bots but are difficult to execute manually.

If you find yourself pouring more and more time into managing your portfolio, a crypto trading bot may be for you. Bots can be a cost-effective method of finding effective trades. At most, you pay monthly subscription fees and perhaps a developer to fine-tune your trading strategies.

From reaction time to a machine’s processing capability, crypto trading bots have many benefits. Here are reasons to set up an automated trading platform. 

No matter which automated trading bot you’re working with, no emotions are involved while trading. A crypto trading bot’s decisions are rational and immediate, acting from definite strategies.

Eliminating fear of loss, the greed of profit and the human tendency to be scared of uncertainty creates a more disciplined trading process. 

Trading bots react immediately, trading within the confines of your configuration. Combine instant decision-making with the rapid processing time of market information, trading patterns and risk assessment, and you experience unbeatable efficiency.

Crypto trading bots remove human error, while also minimizing potential delays from manual handling and analysis of large data sets. 

Even though there isn’t a single formula for success in a market as volatile as crypto, automating the trading process via bots ensures trading consistency and discipline. Operating under pre-established trading conditions, bots optimize long-term performance by consistently analyzing the market.

Crypto markets never shut down, leaving trading bots as the only viable solution for anyone who wants to maximize their earnings around the clock. 

Algorithmic trading can be profitable. This only works if you know what you’re doing. Unfortunately, just like any trading strategy, crypto trading with bots can be dangerous.

The main problem lies between the algorithm built behind the bots and the extent to which a novice trader understands. Since algorithmic trading bots are built by experts to suit their demands, there’s no guarantee that what works for their creators will turn out to be great for you. 

On the flip side, crypto trading bots indeed do their job to eliminate emotions and uplift the trading accuracy. But it doesn’t mean that every trading bot is effective or on the level. This is especially true of free crypto trading bots that are offered to the public. These bots are usually flawed and may contain all sorts of algorithms to infiltrate your funds. 

Every crypto trading bot, regardless of how advanced it may be, will have inherent limitations. Also, keep in mind that not all bots are created equal. Bots may come with a steep learning curve. 

Your starting configuration, with settings provided by the bots, may not make you money. In addition, it takes repeated testing in order to be effective. If the trading algorithms, strategies and signals you’re using are widely available, their ability to turn a profit quickly diminishes as more people use them. It takes fresh algorithms, customized strategies and new trading configurations for each bot to try to beat the market.

You also need significant comfort with your crypto trading bot. A poorly designed, inaccurate trading bot can result in heavy losses, especially if it can execute a large number of trades quickly. Even a single bug in the source code can be painful.

Here are some of the best cryptocurrency trading bots available.

 is a world-leading automated crypto trading bot that uses algorithmic intelligence to manage cryptocurrency trading and caters to more than 550,000 traders. Cryptohopper is an entirely cloud-based SaaS (software as a service), operates 24/7 and can trade up to 75 cryptocurrencies at once. Cryptohopper’s user-generated features include being the first trading platform to introduce trading with signals – a feature that has been emulated across the sector.

 is a smart trading terminal and auto trading bot suitable for traders of all levels. This crypto trading bot features an intuitive user interface, and the flexible customization allows users to enter and exit any point of trades. It’s one of the most transparent systems boast on the parameters you set, and it safeguards your funds through the financial protection algorithm. 

 is one of a more advanced automated crypto trading bots. Not only it allows traders to use it for 

, and the HaasScript helps intermediate to advanced traders customize unique automated trading algorithms, technical indicators to interpret signals and trade the way they like.

This platform focus on transparency and have great community support on discord. Though there’s a learning curve to this platform, it’s easy and intuitive to use once you get a hang of it. 

 is a beginner-friendly no-code platform that works on over ten of the biggest crypto exchanges. Use Coinrule to automate well-known trading strategies 

 contrarian trading and trend following. Long-term strategies take minutes to set up, letting you take advantage of periodic buy and sell orders without needing to watch the market.

 is a low-fee directional trading platform that offers automated trading using provided market analytics. Built-in trading algorithms trade crypto pairs across popular crypto exchanges. Take advantage of limit, TWAP, iceberg, and stop-loss orders and you only pay for trades executed. Building directional strategies is easy, with both simple trading and advanced strategies for the options market available. 

 is one of the most powerful cloud-based crypto trading platforms for technical traders. It boasts the goal of democratizing enterprise-grade trading strategies for everyone. Quantitative traders looking to develop new income streams can rely on Tuned to license their strategies to other traders, without ever revealing sensitive internet protocols (IP). Investors on the platform are able to follow and invest alongside these quantitative traders, giving them access to market-leading strategies and returns.

 is a cloud-based trading bot designed for beginners to automate trading. With Trality, bot building is simplified to the point where you don’t need a single line of code. Create crypto trading bots using either code or industry-tested rules. Algorithms can be customized by those with coding and quantitative analysis skills. 

Humans need sleep but bots don’t. As cryptos rise in number and value, the volume of opportunities becomes harder to track. Whether you’re an experienced trader or a beginner looking to make money, crypto trading bots offer reliability and stability amid volatile markets. Set one up today, and begin turning your insight into profit.

What Is a Crypto Trading Bot and How Does it Work?

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