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

Position trading may or may not be your favorite. But if you intend to invest long-term, here's what you must know about a position trade.

Position-trading.jpg

You might be wondering what do the wealthiest investors in the world have in common? The quick answer is that they use money to find more money. Instead of saving, they re-invest and envision a fortune in the longer-term. In other words, they see the bigger picture (the long-term trends) and then trade in that direction. So, if you’re thinking of position trading, good! You’re halfway there.

And you know what? Position trading helps traders to find significant trends and take advantage of long-term investing. This trading style has a competitive advantage compared to the short-term trading styles like day trading, which has many pitfalls.

Below is the guide you want to know about position trading and the main concepts to learn about this trading approach. The best part, it’s supposed to give you the idea to find potential trading positions.

Position trading is a trading style where the investor holds a position (long or short) for an extended period. With position trading, the time horizon goes from days, weeks, to even years. The main purpose behind this long-term trading strategy is to take advantage of the more prominent trends. 

Position trading is beneficial, especially compared to other trading styles, let’s say, (

); it offers the opportunity to catch larger price movements on a percentage basis. Therefore, providing more potential for profit in the long term.

Let’s be real. There’s no one size fits all kind of trading strategy, and position trading is no exception.

The key is to decide on a trading style that is aligned with the personality and profile. To give an overview of a position trader’s day-to-day life, here’s how it looks like: 

Usually, this style provides more time and less stress because you don’t have to stay glued to the screen every day, and any minor fluctuation shouldn’t affect the long-term view of the asset. The critical element that differentiates position trader and day trader is patience. Position traders rather prefer to wait for the expected movement.

Usually, position trading is more suitable for those who have more commitments outside of the market. That means it’s ideal for those who have a full-time job, family, business, or more personal obligations. Additionally, institutional traders heavily utilize this approach to build positions that could generate bigger yields in time. 

There are many ways how position trading can be applied. However, most are based on technical analysis, 

, or a mixture of both. Those two forms of analysis are essential as they are literally the pillar to make sound investment decisions.

 is slightly different from the crypto space because the cryptocurrencies don’t have the same characteristics as other assets (like stocks or forex). However, the main idea behind the fundamental analysis is to find the “fair” crypto value and define based on the current price if the cryptocurrency is undervalued or overvalued.

Some of the main factors to have into consideration are:

 is related to the study of prices and volumes, allowing for better timing for entries. Additionally, it provides objective price levels where crypto investors could define the risk, profit targets, and areas where the position can be built. There are many position trading strategies built upon technical analysis; some of them will be explained later in this article.

It is important to remember that position trading uses long-term time frames; weekly, monthly, and yearly charts are the primary reference for the position traders. That is because they can identify the long-term trends and eventually define possible entry points.

An example of this trading style can be observed in the action of Bitcoin (BTCUSD) weekly chart, where the price 

. This sample provides an idea of the potential of using a position trading approach.

Position Trading vs. Day Trading vs. Swing Trading: Differences

The main difference between day trading vs. swing trading vs. position trading is the holding period. The holding period is the duration of time between the purchase of a cryptocurrency and its sale.

Additionally, it’s relevant to notice that some of the most significant returns come from directional markets with a considerable volatility amount. Nowadays, the cryptocurrency market matches those criteria. Therefore, it would be an interesting vehicle to establish long-term positions (position trading) that can yield exciting returns.

of day trading. Mainly because position trading implies holding positions for extended periods (months to years) while day trading is entering and exiting trades during one trading day. 

Day trading requires more daily attention because the trader must be in front of the screens throughout the day. Meanwhile, the position trader only has to check the market a few times a month because the time horizon is long.

Here’s an example of how trading Ethereum (ETCHUSD) shows the difference between position trading and day trading:

Swing trading is when the trader holds a position (long or short) during days or weeks, and it differs from position trading because the holding period is lower.

Although it doesn’t require as much time of attention as day trading, a swing trader must still check the prices several times per week. A rule of thumb, you must always be aware of the medium-term fluctuations that could affect the asset.

In the chart above of ETHUSD, depending on the trading style, the time of price development takes different magnitudes. In position trading (monthly chart) 15 months while in swing trading (Daily chart) 9 days.

In regards to position trading strategies, there are several methods that a crypto investor can apply. Because position trading involves tactically buying and holding cryptocurrencies for the long run, some of the technical analysis strategies used to time the market includes— 

moving average, support and resistance, breakouts, pullbacks, and range trading

The main reference for this kind of trading style will be the larger time frames, such as the weekly, monthly, and yearly charts. 

Let’s start by analyzing the trading breakout. 

Breakout trading is when the entry is placed at the point where a 

. This high could be an all-time high or a relevant level defined by the monthly or yearly chart.

The idea is that after the entry is triggered, the price must keep going. If not, the trade must be obliterated immediately.

BTCUSD is a good example; see how after the price broke the 12.473 (black dot = entry) level, it went straight up, breaking the most relevant previous structure. The 

 should have been located just below the bar that triggered the breakout.

 to identify possible continuation points after the price has reached its mean (the average) before continuing in the previous movement’s direction. Usually, this strategy yields better returns in trending markets.

One of the most used averages is the 9EMA. It is usually an indicator of momentum and provides good entry points when the momentum is strong.

For example, in the chart below the ETHUSD weekly chart, we can see how the 9EMA (black line) acted as dynamic support and eventually marked ideal entry areas to build a core position trading towards the long side (black arrows).

 is a popular yet powerful method to define entry and exit points. In essence, the support and resistance levels are key price levels on the crypto chart that tend to stop a cryptocurrency price from going any further.

Usually, when the support or resistance is tested several times, it can provide a solid area to place an order and define the risk.

In the sample above, the Litecoin weekly chart (LTCUSDT) was revolving around the 38 – 40 support area. See how previously the action was supported around this level (black dots) and eventually provide a good entry point where the risk was low compared to the possible run to the upside (Green arrow).

Pullback and retracement trading is when the trader looks for an entry on a corrective action within the context of a trend. The main idea behind pullback trading is to wait for a retracement during a trending move and use additional price action with some exhaustion action. Such as a 

 or a Fibonacci retracement to provide accurate timing.

In the weekly chart of BTCUSD, we can see two main spots to define a long entry (black dots). One after the Doji formation and one after the inside and up candle. Additionally, the stop loss should be placed below the previous swing low.

Range trading is a method that seeks to exploit trading opportunities when a 

cryptocurrency bounces between support and resistance level

, which acts as a price barrier. The price zone between the support and resistance levels is what most technicians refer to as being the range.

Usually, a price range is established when we have multiple bounces off support and the resistance level. On the price chart, this will appear like the price is being “trapped” inside a consolidation without having a clear direction.

In the context of position trading, the main idea is to play the breakout in the prevailing trend direction. For example, if Bitcoin is in a strong uptrend, you would want to 

Here in the daily chart of BTCUSD, we have identified a well-established range that eventually fueled a movement to the upside as soon as the price broke above the upper limit of the price range.

Of course, position trading is attractive. But the real deal is because it allows you to have:

Position trading also has risks associated and must be understood before applying this approach. 

The best style must suit your personality of each crypto investor and his experience in the market. For example, if you find yourself 

. You can check the market a few times per week or month to manage your positions accordingly to the medium and long-term action.

 is for you. There, you can see a daily profit and loss without stressing over an overnight position.

Usually, institutional traders and more experienced traders prefer position trading as they typically trade with big order blocks. These are buy-and-hold traders compared to retail traders who have a shorter time horizon and choose day trading or swing trading.

Position trading is a style that allows investors to participate in the major trends and eventually outperform the average trader returns. It perfectly suits traders who have limited time due to different commitments outside of the market environment (family, work, or business).

Additionally, it offers the opportunity to avoid the random “noise” usually found in lower time frames, where a minor fluctuation can shake out the trader’s positions. All and all, position trading is a great approach to participate in significant trends and increase profits exponentially.

Explained: What Is Position Trading vs. Swing Trading?

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