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 is grabbing the headlines for its bull runs & active institutional investors in the crypto space. But how it works? Learn here.

Did you know Bitcoin is the top 5 most actively traded asset?

But if you are new to the cryptocurrency market and wondering what cryptocurrency trading is all about, then you’ve come to the right place.

Of course, this question might not be that easy to answer. That’s why we’re explaining the concept in a more digestible way.

And this is definitely NOT your typical blog.

Ultimately, you’ll be able to decide for yourself if crypto trading is something for you.

UNDERSTANDING THE CONCEPT OF CRYPTO TRADING

That is precisely why we’re helping you to set a good foundation.

And in this chapter, we’re going to show you where and how to start trading crypto.

So whenever the chance is here, you’re ready to seize the opportunity to grow your funds.

Cryptocurrency trading is an exchange of digital currency between traders. It allows them to profit from price fluctuations caused by demand and supply. Trading cryptocurrency is also risky and rewarding at the same time due to its volatile nature. However, risk can be mitigated by hedging or diversification.

Cryptocurrencies may be in the infant stage. Still, the 

 have been catching a lot of buzz in the news. Beyond Bitcoin, there are thousands of digital assets, including altcoins, to trade on different trading platforms. Typically, a trader would buy a digital asset and sell it at a higher price in just minutes or weeks, depending on his trading styles.

The cryptocurrency market, as most financial markets, is driven by supply and demand. When demand is higher than supply, the price of the asset moves higher. When the supply is larger than the demand, the price of the cryptocurrency tends to fall. 

If it were so easy, we would all be millionaires. However, there are different ways to analyze the crypto market and recognize different trends. 

When a cryptocurrency moves higher for longer periods, then it is called a bullish trend. While a bearish market happens when the market falls for a longer time. Still, we can make some profitable trades during both bull and bear markets if you apply the correct strategy.

Trends are divided into impulse waves and corrections. In a bull market, the impulses are upward, and there are also dips – price corrections that are not large enough to start a bear market. In bear markets, the impulse waves are downwards, and the corrections are price spikes that are not strong enough to create a bullish trend. 

Therefore, traders aim for the impulses or the overall trend picture rather than for the correction. That is because trend impulses provide a more significant price change for a shorter time.

How Is Crypto Different From Stocks and Forex?

The main difference between cryptocurrency trading and stocks or forex trading is the underlying asset in respect to generate income. In the stock market, investors trade stocks. 

Some of these stocks include the following:

The forex market is different as investors can handle a wide range of currencies. For example, they can trade USD against the JPY or GBP against the EUR. The most popular trading pairs in the forex market include EUR/USD, GBP/EUR, USD/JPY, and others. 

People trade cryptocurrencies through a wide range of trading platforms. These platforms are known as 

. From there, you can select the types of products from spot trading, margin trading, derivatives trading, and more. Ultimately, you earn from the price fluctuation and speculation. 

When comparing the stocks and forex market with cryptocurrencies, the market is much more volatile. In fact, it is possible to see price fluctuations of 100% that can take place in just hours in the crypto market. Whereas stocks trading is rather quite conservative.

The stock and the forex market are very liquid, and they’re considered the largest and most liquid in the market. That’s because it handles some of the world’s largest trading, which prevents them from accounting for huge fluctuations.

Of course, cryptocurrency trading volumes are growing exponentially. Still, a major transaction or news event can trigger a significant impact on the crypto price.

One significant difference is cryptocurrency trading stays active 24 hours a day, seven days a week, unlike stocks or forex, which only operates at a designated time-frame.

 (alternative coins). Of course, there are still a variety of tokens like the 

In many instances, Bitcoin is the primary driver for the crypto market. Hence, if BTC is on the bull, most altcoins would follow the trend. Some of the famous altcoins include Ethereum (ETH), 

Bitcoin works as a store of value and as a decentralized network to transfer funds. Ethereum is a smart contract blockchain that is powered by Ether (ETH). XRP, instead, is a digital asset used by RippleNet companies and users that send cross-border payments. 

There are thousands of virtual currencies (we will go into details in the next section). Each day new cryptocurrencies are being created and released to the market. 

At this stage, you’re aware there are many altcoins.

Wait, how many cryptos are there exactly?

 in circulation. This is certainly a lot if we compared it with the market size a few years ago. 

Back in 2017 and 2018, there was an Initial Coin Offering (ICO) boom. At that time, different projects and companies were releasing their own tokens. These tokens were sold to users for BTC, LTC, ETH, and other digital assets. 

. Just a few of them were able to sustain the fall and even soared in price. Some of these tokens include Ethereum and NEO.

It is worth considering that other digital assets are available for users but are often not reported on CoinMarketCap or Coingecko. Still, the number is expected to continue growing in the next few years looking at the 

One of the most frequently asked questions, “Is trading better than investing?”

While both methods help you profit in the financial or crypto market, but there is indeed a difference.

So, let’s see how they are different from one another.

Find out if you’re in for short-term profits or instead for long-term gains.

who often take advantage of small mispricings in the market by entering and exiting a position over a 

. It involves conducting deals on margin without actually owning the asset, speculating on the price moves.

In most cases, trading refers to opening and closing positions often based on the different market conditions.

 seek larger returns over an extended period through 

. It also means an investor would purchase and own a digital asset with the belief that its price will increase. Then, sell it for a substantial amount of profit.

The cryptocurrency market, as well as other traditional markets, has short- and long-term traders. Some of them are searching for short-term profits, while others are trying to build a portfolio for several years. 

Hodlers are the most popular strategy for beginners who tend to invest in cryptocurrencies for the long term. 

Mainly because it’s the most straightforward strategy and it requires minimal supervision to manage a position.

Still, you maybe asking how long I should invest?

Typically, there is no rule regarding how long a hodler should hold onto its digital assets. Instead, a hodler would buy and hold their digital assets for long periods without an exact selling price.

That’s exactly how the famous sentence, “Stay strong, HODL even when the price drops” derived.

Regardless of the bull or bear market, a hodler would continue to invest instead of closing their positions. Financially, this could be a harmful strategy if the trader does not take profits when opportunities are presented. Still, there may be complications to every decision made.

Meanwhile, those users who can hodl and sell at the right time (when the price was much higher than when they purchased their digital assets) would make profits. 

 buy an asset and hold it for long periods until the market reaches the price level they were waiting for. The positive point is this trading strategy does not require traders to be actively involved in trading. The key is to invest from a holistic point of view by assessing the trends.

You can simply buy an asset and hold until they consider it is time to sell (usually when the price moves higher). The main difference between position traders and hodlers is related to the attachment that position traders have with their assets. A position trader is not attached to the asset as a hodler might be. 

Consequently, it is much easier for a position trader to sell his funds as soon as the opportunity is present in the market. 

As there are long-term traders, we can also identify short-term traders. Cryptocurrency trading is ideal for short-term investors to make large profits. That’s because the volatile crypto market is in favor of short-term trade. But there are different strategies for short-term traders, which can be day trading, swing trading, and scalp trading. 

Day traders open and close their trades within the day. A day trader would have his position open for just a few hours. In some cases, only a few minutes. These traders need to be very disciplined. They must have an exact selling point to realize their profits. A small tick of 0.1% is sometimes enough on their positions to make a few hundreds of dollars per day. 

Additionally, day traders work with very tight stop loss. That allows them to reduce their risk and be ready to open a new position if the market does not move in their expected direction. 

 are different from day traders. The main difference is related to the time they can wait for an open position.

What Is Cryptocurrency Trading? (2022 Guide For Beginners)

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Grab Up to 5,000 USDT in Rewards