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

Bybit Learn

Bybit Guide

Bybit TradeGPT is an advanced AI-powered platform designed to revolutionize crypto trading by providing automated, intelligent trading strategies and insights.

The landscape of our daily lives has been significantly reshaped by artificial intelligence (AI), particularly since the emergence of groundbreaking platforms like OpenAI's 

. This transformative impact has extended its reach into the domain of 

, where it offers innovative strategies and decision-making tools for trading. Bybit TradeGPT exemplifies this trend, providing crypto investors with an AI-powered platform that elevates their trading experience and effectiveness. In this article, we delve into how Bybit TradeGPT empowers users with enhanced understanding and formulation of trading strategies.

 is an advanced AI-powered platform designed to revolutionize cryptocurrency trading by providing automated, intelligent trading strategies and insights. This tool integrates artificial intelligence with Bybit's trading system, offering users a sophisticated yet user-friendly personal trading assistant.

Bybit TradeGPT utilizes AI to meticulously analyze market data, trends and historical trading patterns. Built on the robust AI language model ChatGPT, TradeGPT is seamlessly integrated into the Bybit platform, offering a wealth of trading data that includes market volume, long and short ratios, sentiment indices and more.

Bybit TradeGPT employs advanced machine learning algorithms to forecast market trends and pinpoint potential trading opportunities. Unlike conventional platforms, Bybit TradeGPT continuously learns and adapts to new market conditions, ensuring that the trading strategies it offers are up-to-date and relevant. Users benefit from personalized trading recommendations, which are aligned with their individual trading histories and preferences.

As soon as you access Bybit TradeGPT, it presents an up-to-the-minute market analysis summary. This feature ensures that traders are always informed of the latest market trends, which is crucial for making timely and informed trading decisions.

The briefing covers a wide range of market aspects, including price movements, 

 and significant trends, providing a holistic view of the current market scenario.

Bybit TradeGPT offers insights into a variety of 

 (moving average convergence divergence) and 

®. This allows traders to analyze their preferred trading pairs through multiple lenses.

, TradeGPT ensures the accuracy of its analyses. This feature allows traders to validate the effectiveness of different strategies based on historical data, leading to more informed and confident trading decisions.

The smart Q&A feature simplifies information access by providing recommended questions. This approach helps traders quickly find answers to common queries without navigating through complex menus.

By clicking on these recommended questions, users receive immediate and pertinent responses, making the process of gathering information efficient and straightforward.

Traders can ask specific questions about various cryptocurrencies, ranging from price forecasts to market trends and investment strategies. Bybit TradeGPT responds with detailed analyses that are customized to these individual queries.

This feature allows traders to receive insights that are directly relevant to their trading interests and strategies, enhancing the relevance and applicability of the information provided.

There are various benefits to using Bybit TradeGPT, including simplified trading with one-click recommendations, comprehensive market analysis with an expanded data set, and enhanced AI for intuitive and accurate responses. These benefits are also what sets Bybit TradeGPT apart from other AI bots on the market right now. 

Simplified Trading With One-Click Recommendations

Bybit TradeGPT revolutionizes the trading experience by eliminating the need for manual parameter adjustments. It intelligently considers 

 and the user's preferred tokens to suggest the most opportune trading directions and timings. For those intrigued by the AI's strategy, executing a 

 is just a click away. These recommendations are updated every two hours, ensuring traders have access to the latest data-driven advice.

Comprehensive Market Analysis With Expanded Data Set

The Bybit TradeGPT platform boasts an enriched array of data metrics, offering a comprehensive view of cryptocurrency assets. 

A key differentiator between Bybit TradeGPT and other AI bots, like the standard ChatGPT, is its access to real-time market data. While typical AI bots may lack the capability to offer insights based on the latest market trends, due to their limited access to real-time data, TradeGPT stands apart. It integrates with Bybit's extensive market data, trading analytics and technical analysis tools. This synergy between AI capabilities and Bybit's sophisticated data infrastructure allows TradeGPT to provide timely and relevant market insights, a crucial advantage in the rapidly changing world of cryptocurrency trading.

Furthermore, Bybit TradeGPT’s ability to offer real-time market analysis and respond to user queries in multiple languages positions itself not just as a tool but as a mentor and guide in the expansive and complex landscape of 

. It can provide market strategies with calculated percentage chances, and recommend appropriate products for the strategies that are discussed. This level of detailed and personalized guidance is a step beyond what most conventional AI bots can offer. The depth of information offered equips traders with a well-rounded understanding of their crypto assets, aiding in more informed decision-making.

Enhanced AI for Intuitive and Accurate Responses

Bybit TradeGPT's AI capabilities have been significantly enhanced. The system has been trained with tens of thousands of user inquiries, leading to a remarkable improvement in understanding and responding to user queries. This training results in responses that are not only more accurate, but also exhibit a human-like understanding of the user's needs. This intuitive AI interaction ensures that the answers provided aren’t merely effective, but also resonate more naturally with users, making the trading experience smoother and more user-friendly.

Bybit TradeGPT offers a blend of simplicity, depth and intuitive interaction, making it a powerful tool for both novice and seasoned traders in the cryptocurrency market and setting itself apart from other AI bots.

. Once they’ve registered, they can access the TradeGPT feature and start receiving AI-driven trading insights. Users can customize their trading preferences, allowing the AI to tailor its suggestions. It's recommended you start with smaller trades to understand how the AI suggestions align with personal trading strategies.

To get started with Bybit TradeGPT after you’ve 

tab on the navigation bar at the top of the page. Then, click on 

If you’re intending to access Bybit TradeGPT from your Bybit app, simply tap on 

 is a highlight of Bybit's TradeGPT, representing a groundbreaking fusion of AI-powered trading strategies and 

. This innovative tool is designed to transform your trading experience by offering a blend of data-driven investment strategies with the 

. Currently in its public beta phase, it's available to the first 500 users on the waitlist, marking a significant step in the integration of TradeGPT with Bybit Copy Trading.

Following are a few key features of TradeGPT Master Trader:

Additionally, to encourage users to try this new feature, Bybit is offering up to 20 USDT in coverage for losses on the first copy order initiated by TradeGPT in Copy Trading. This safety net is designed to provide a more secure entry point for users exploring this innovative tool.

Deciding to use Bybit TradeGPT requires careful consideration of its advanced features against the inherent risks of AI-driven trading tools. While Bybit TradeGPT, powered by the sophisticated GPT-3.5 model, offers innovative functionalities to enhance trading, it's important to recognize its limitations along with the user’s responsibilities. 

First, the responses from TradeGPT are not officially endorsed by Bybit, meaning its investment advice shouldn't be taken as Bybit's official stance. Additionally, there's no guarantee of profit with TradeGPT, as the volatile nature of the crypto market can render even the most advanced AI predictions uncertain. Responsible trading is 

, and users are urged to utilize Bybit's 

 tools for effective risk mitigation. Compliance with local laws and regulations is also paramount when using the platform.

Despite these considerations, Bybit TradeGPT remains a valuable asset for traders seeking to incorporate AI technology into their strategies. Its ability to provide real-time data analysis and AI-driven market insights, coupled with its integration into Bybit's trading platform, can offer a significant advantage in the complex world of cryptocurrency trading. 

The tool's enhanced market analysis, 24/7 trading assistance and user-friendly features, such as one-click recommendations and customizable inquiries, make it an appealing option, especially for those new to crypto trading. 

In summary, while it's crucial to approach Bybit TradeGPT with an understanding of its risks and to use it responsibly, its advanced AI capabilities and seamless integration with Bybit's platform position it as a potentially powerful tool for any crypto trader, best used as part of a balanced and well-thought-out trading strategy.

Bybit TradeGPT represents a significant step forward in the integration of AI with cryptocurrency trading. It offers a unique blend of automated intelligence and user-friendly features, making advanced trading strategies accessible to a broader range of investors. While it comes with its set of risks, the potential benefits make it a noteworthy tool for those looking to leverage AI in their crypto trading endeavors.

Bybit TradeGPT: AI-Enhanced Strategies for Crypto Trading

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