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

A stop-limit order is a conditional order that combines the two price points of a stop order and a limit order.

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Sell_Stop_Limit_Order_Example.png

Buy_Stop_Limit_Order.png

 are of paramount importance in the dynamic world of 

. Traders often rely on advanced order types to navigate the quickly changing markets. One such order type that offers precise control over trade execution is the stop-limit order. This conditional order combines the features of 

, allowing traders to set both a stop price and a limit price. But how does it work, and when should you use it? Let's delve into the details and explore the nuances of stop-limit orders.

A stop-limit order is a conditional order used by traders. It’s a combination of a stop order and a limit order that gives traders more precise control over their price 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 execute at or better than the specified limit price.

Stop-limit orders can be beneficial in volatile markets such as cryptocurrency, where rapid price fluctuations are common. These orders allow you to set specific price levels for trade execution and mitigate the risks associated with slippage or unexpected price gaps.

There are two price parameters in the stop-limit order: the stop price and the limit price.

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 is not guaranteed, a stop-limit order allows traders more control over the execution price by setting a specific limit.

There are essentially two types of stop-limit orders: a sell stop-limit and a buy stop-limit.

Let's review an example for each one, and see why a stop-limit order might be used.

 the current market price when the trader wants to exit a 

 at $26,586. If the price of Bitcoin falls too far, they may want to exit the position to limit losses. The trader decides to create a sell stop-limit order.

If, at that point, the price and liquidity allow for a sell order to execute at $24,000 or higher, the order will be filled.

However, in the event of a price gap from $24,600 to $23,990, the stop order would activate, transforming into a limit order of $24,000. Since $23,990 is below $24,000, the limit order would remain as a resting order until either it’s canceled or the price returns to $24,000 or higher, at which point it would execute.

A similar scenario would be implemented for a trader wanting to initiate a short position on a breakdown below support.

If the trader notices technical support at $24,500, they could place a stop-limit order with a stop price of $24,500 and a limit price of $24,000. Their short position would then be executed if the market trades down to $24,500, but not below $24,000.

 the current market price when a trader wants to exit a short position or initiate a long position.

Let’s say a trader sees a potential bullish breakout opportunity on Ethereum near $1,670. The trader may create a buy stop-limit order with a stop price of $1,670 and a limit price of $1,700. 

However, if ETHUSDT is in a powerful rally and rises above $1,700, then the limit order won’t fill and will stay as a resting order, waiting for the price to fall back to $1,700.

By creating this order, the trader aims to enter into a long position only if ETHUSDT rallies above $1,670 and there’s sufficient liquidity in the market for them to buy at below $1,700.

A similar order might be placed if the trader is already in a short position, but wants the buy stop-limit order to be the mechanism to exit the short trade.

When trading crypto, however, be very careful when using the buy stop-limit order to exit a short position. Crypto has been known to experience monster rallies. If the price gaps above your limit price, especially on thin liquidity, it may never return to the limit price, potentially exposing you to a future margin call.

Stop-limit orders offer crypto traders distinct advantages and disadvantages. Understanding the pros and cons of these orders will help you better perceive the optimal times to use them to make informed trading decisions and manage risk effectively.

: One of the primary advantages of stop-limit orders is the ability to specify the exact price at which you want your trade to be executed. This precision is valuable for entering or exiting positions at specific target prices.

: Stop-limit orders are excellent tools for managing risk. By setting a stop price, you can limit potential losses and protect your investment. This is especially crucial in the highly volatile world of cryptocurrency trading.

: Stop-limit orders can be placed in advance and executed automatically when the market conditions meet your criteria. This eliminates the need for constant monitoring, and allows traders to stick to their trading strategies without emotional interference.

: Setting a limit price ensures that your trade is carried out at the specified price or better. This helps you avoid 

, which can occur when market prices change rapidly, causing your trade to be executed at a less favorable price than expected.

: Stop-limit orders can be used for various trading strategies, including both long and short positions. They offer traders flexibility to adapt to changing market conditions and implement complex strategies.

: The main drawback of stop-limit orders is that they aren’t guaranteed to execute. Your order may go unfilled if the market doesn't reach your stop price, or briefly touches it without sustaining that level. This can result in missed trading opportunities.

: In volatile markets, it's possible for a stop-limit order to be partially executed. This means that only a portion of your order is filled at your specified limit price, leaving the rest of the order pending.

: Stop-limit orders can be tough for beginners to grasp, as they involve setting two price levels (stop and limit). Novice traders may find it challenging to determine appropriate price levels for their orders.

Challenging to Set Orders Due to Market Volatility

: High levels of market volatility can make it onerous to set appropriate stop and limit prices. Sudden price swings can lead to premature order execution or missed opportunities if prices move too rapidly.

: While automation can be used to execute the process for stop-limit orders, traders still need to monitor the market to adjust their orders as needed. Market conditions can change rapidly, and failing to update your order could lead to unintended outcomes.

 are somewhat similar but have one key difference that sets them apart. Both orders are used to manage risk and protect investments, but they serve separate purposes and have different execution mechanisms. Let’s compare these two order types in order to better understand their differences and learn when to use each one.

A stop-loss order is primarily designed to limit potential losses in a trade by automatically selling an asset once it reaches or falls below a specified price level. 

The stop-loss order guarantees order execution, but not price execution. Here are the key characteristics of stop-loss orders:

: The primary purpose of a stop-loss order is to minimize loss in a trade. It acts as a safety net, ensuring that if an asset's price moves against the trader, the position is closed immediately once the stop price is hit.

: Once the stop price is reached, a stop-loss order becomes a market order, which means it will execute rapidly at the prevailing market price. 

: While stop-loss orders aim to limit losses, they don’t guarantee that losses will be limited to the specified stop price. In highly volatile markets, prices may gap or the order may get slipped, resulting in larger losses than anticipated. 

A stop-limit order combines elements of a stop order and a limit order, allowing traders to specify both a stop price and a limit price for their trade. The stop order price is struck first, and then turns the order into a conditional limit order. This allows the trader to manage price execution more closely, although order execution isn’t guaranteed. Here's what distinguishes stop-limit orders:

: Stop-limit orders offer traders precise control over the price at which they want their trade implemented. The trade will only be executed at the specified limit price (or better) once the stop price is reached.

: Unlike stop-loss orders, stop-limit orders help traders avoid slippage because they specify the exact price they’re willing to accept for their trade. If market conditions are favorable, the order will be initiated at the limit price or a better one.

: Unlike stop-loss orders, stop-limit orders don’t guarantee execution. The order may go unfilled if the market moves rapidly beyond the limit price.

Choosing Between Stop-Loss and Stop-Limit Orders

The choice between stop-loss and stop-limit orders depends upon your trading strategy and risk tolerance, as well as market conditions.

Use stop-loss orders when your primary objective is to limit potential loss and exit a trade quickly, regardless of how far or volatilely the market is moving. These orders are instrumental in highly volatile markets, where rapid price movements are common.

Use stop-limit orders when you want precise control over your entry and exit points and are willing to accept the risk of potential non-execution if the market doesn't reach your specified limit price. These orders are valuable for executing trades at specific price levels, or for managing trades with precision.

Cryptocurrency trading is fast-paced and can be unpredictable. Therefore, mastering advanced order types like the stop-limit order can make a significant difference. These orders allow traders to set specific entry and exit points, mitigating risks associated with sudden price fluctuations and slippage. 

While stop-limit orders may offer precision, traders must also consider the limitations, such as the potential for non-execution in rapidly changing markets. Ultimately, a trader needs to understand if they want price guarantee when executing, or if they’re willing to accept some price slippage to guarantee order execution. A stop-limit order can help with both.

Stop-Limit Order: What It Is and How to Use It

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