Nov 25, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — Trump's Planned Crypto Advisory Council

President-elect Donald Trump has pledged to establish a crypto-friendly administration, which includes forming a new advisory council for the cryptocurrency industry. Major companies like Ripple, Kraken and Circle are vying for positions on this council to influence U.S. digital asset policy.

The council is expected to be based within the White House, likely under the National Economic Council, and will coordinate policies related to cryptocurrencies, advise Congress and help create a national Bitcoin reserve. Industry leaders, including executives from Coinbase and Circle, have expressed interest in joining.

Trump’s transition team is also considering appointing a "crypto tsar" to lead the council. Former CFTC officials, such as Heath Tarbert and Brian Quintenz, are advising on crypto policy as the administration seeks to roll back Biden-era enforcement actions against crypto companies.

While excitement over a pro-crypto administration has contributed to Bitcoin's surge toward $100,000, some consumer groups have raised concerns about the industry shaping its own regulations. 

Weekly Crypto Highlight — Bitcoin Tests $100,000 as ETF Flows Intensify

U.S. Spot Bitcoin exchange-traded funds (ETFs) have achieved a significant milestone, accumulating over $30 billion in total net inflows since their inception in January 2024. This surge in investment reflects a growing interest in Bitcoin, as well as a favorable market environment.

The rise in net inflows and trading volume can be attributed to heightened bullish sentiment in the market, particularly following the re-election of former president Donald Trump. His return to the political forefront has sparked optimism among investors, contributing to increased confidence in cryptocurrency investments.

As a result of this influx of capital, the total net asset value of these Bitcoin ETFs has exceeded the $100 billion mark as of Wednesday, Nov 20, 2024. This achievement underscores the growing acceptance of cryptocurrencies in mainstream finance, and highlights the potential for continued growth in this sector. The strong performance of these funds signals a robust demand for Bitcoin, and could pave the way for further developments in cryptocurrency investment.

Advanced

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Weekly Institutional Insights: Bitcoin Tests $100K as ETF Flows Intensify

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.

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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

DeFi

Altcoins

Velo is a blockchain-enabled financial system and decentralized settlement network designed to allow the safe, secure, fast and transparent global transfer of value.

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Global remittance is a multibillion-dollar industry. However, because of the complexities of the money transfer chain from one country to another, the industry still has a low number of money transfer operators (MTOs), making it uncompetitive and fragmented and resulting in high transaction fees.

Moreover, the global digital payment network is flooded with different mediums and systems, complicating the process of confirming and settling payments. Due to the friction of coordinating the different digital payment providers involved in a transaction, completing a digital payment may take days.

But what if there were a way to speed up this process, while simultaneously keeping costs low and transactions secure?

Velo believes it has built an ecosystem to achieve this end. The project is looking to consolidate the financial payment system in Southeast Asia by creating a 

 payment gateway that consists of a widespread network of "Trusted Partners" who can operate in a 

Let’s learn more about how Velo is working to supercharge the velocity of money via 

 is a blockchain-enabled financial system and decentralized settlement network designed to allow the safe, secure, fast and transparent transfer of value between one country to another.

The company’s initial focus is on providing the Southeast Asia region with a digital finance platform that provides fast and cheap transactions. It aims to complement the existing banking infrastructure by providing users with a blockchain-powered infrastructure that facilitates the limitless and frictionless flow of money.

As a cross-border remittance network, Velo acts as an open protocol, comprising a pool of 

 who use digital credits to facilitate day-to-day transactions through the use of 

. These Partners can use Velo’s technology to process cross-border payments quickly and in a cost-effective way.

Another focus for Velo is institutional finance partners via its 

 (FCX) network. FCX is a digital asset trading platform for institutional traders that connects centralized and 

 (DeFi) partners through a concept Velo has dubbed 

The concept combines the efficiencies of DeFi with the more established and mature practices of CeFi (centralized finance) systems to collateralize digital credits for increased liquidity.

To enhance the platform's CeDeFi ecosystem, Velo has incorporated a DEX known as 

 (AMM) and the dynamic market maker (DMM) developed by 

. It enables dynamic fee adjustment that reduces the risk of 

. In addition, VeloFinance allows users to swap tokens and earn passive income through 

To facilitate cross-border remittance, Velo uses a digital credit issuance mechanism fully backed by VELO tokens. Unlike traditional remittance platforms such as 

, which take days to process money transfers, crypto networks offer a near-instant point-to-point confirmation and settlement at a fraction of the cost.

The two most popular blockchains suitable for remittances and cross-border payments are 

. Velo opted to build on Stellar, since it’s considered to be the fastest and most efficient blockchain in the market for micropayments, with the ability to process 1,000 transactions per second (

While Stellar shares a few similarities with Ripple, the former is easily scalable, has one of the lowest eco-footprints and focuses on the unbanked, rather than on improving traditional banking systems. As a result, the Velo protocol benefits from the high liquidity and security offered by Stellar.

How Stellar’s transaction speed compares to that of other blockchains. Source: Velo

The following is a brief overview of how Velo uses a token-based system to facilitate the trustless and limitless transfer of value.

Any vetted business (known as a Trusted Partner) can deposit VELO tokens on Velo. Once they deposit the tokens, they’re issued digital credits equivalent to the amount deposited.

Velo then initiates a smart contract that locks the VELO tokens and ties them to a fiat deposit, equivalent to digital credits. The locked tokens act as collateral, allowing the Trusted Partners to settle transactions quickly and cost-effectively.

Velo’s Digital Reserve System (DRS) is designed to manage token supply and ensure that digital credits are backed by the right amount of collateral. It uses a rebalancing mechanism to balance the 

Velo Token (VELO) is the utility token for the Velo network. Initially, VELO tokens were issued on Stellar’s network, but they’re now also available on the BNB chain. VELO tokens are used as collateral for the digital credits involved in value transfers.

The VELO token is also used as an entrance requirement into the Velo ecosystem, as Trusted Partners need to acquire or borrow these tokens in order to receive digital credits. Holding VELO confers the power to shape the future of the Velo ecosystem through voting on projects on the Velo Chain and in fees and referral commissions.

Furthermore, VELO is used in the minting of the 

, which is fully backed by both fiat and crypto reserves. It’s also used to provide any additional collateral required by the treasury reserve. In addition, you can stake VELO on 

 for rewards, or to get a fee reduction when trading on 

, Velo's multi-chain hybrid DEX for individual traders.

VELO has a total supply of 23.99 billion tokens. The figure was achieved 

 (20% of the total supply), which began in Mar 2022 at a rate of one billion tokens per month. Furthermore, 

, VELO updated its circulating supply to 7,390,475,595.6 tokens.

As of Jun 20, 2023, VELO was trading at $0.0028, which is a 99.88% drop from its ATH of $2.29 in March 2021, and an increase of 167.58% from its ATL of $0.0010 in December 2022.

, VELO may hit a price of $0.009 in 2025 and rise to $0.055 in 2030. On the other hand, 

 a moderately low increase for VELO to $0.010 in 2025 and $0.0235 in 2030.

Nothing is guaranteed in the crypto space, and this isn’t financial advice. Always remember to 

 before investing in VELO or any other digital assets.

Velo has grown tremendously from its initial focus as a cross-border remittance network. As a finance protocol, Velo has increased its scope of products to accommodate the ever-changing web3 landscape. With what they call a Web3+ ecosystem, Velo's expansion into CeDeFi enhances its commitment to growing in the crypto niche.

Velo’s recent rebranding and improvement indicate a revamping of the project. Following the rebranding, the project team has promised enhancements to various platforms in its ecosystem.

Notably, Velo has been introducing diverse products into the market, such as its stablecoin, USDV, which enhances VELO’s token utility. The project is also working on completing various products like 

, an easy-to-use mobile app for P2P payments, and 

, a financial remittance network targeting institutions.

Considering the ramping up of activity on the project, Velo’s future looks bright and its current price could be a good entry point for an investor with a long-term mindset.

You can now buy VELO on the Bybit crypto exchange’s Spot trading platform (

, you can now deposit funds and start trading VELO. All you need is to 

Velo has provided a fast and cost-effective infrastructure to bridge the gap between physical and digital cross-border payment platforms.

Its budding ecosystem encompasses DeFi via its DEX, and apps to enhance financial inclusivity for its users.

As the Velo project continues to constantly update its functionalities, it seems to be on the right trajectory toward achieving its mission of leveraging blockchain technology to supercharge the velocity of money around the globe.

Velo Crypto (VELO): Breaking Barriers in Cross-Border Transactions

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