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

Options

ETH options allows you to own ETH without having to buy the asset itself.  Find out how you can trade this crypto option.

Global interest in cryptocurrency, whether

, has soared over the past few years. Crypto is currently a hot topic of conversation on various social media platforms, including TikTok, Twitter and YouTube. Statistics show that

 have dabbled in cryptocurrencies. The global cryptocurrency market cap 

, and it isn't just the assets that are gaining popularity.

At present, a number of crypto derivatives and futures are available for trading in the crypto markets.

 are a kind of derivative — a financial instrument that can be used to hedge or research and speculate on an asset's value.

More specifically, a crypto option provides the buyer the right (without any obligation) to purchase or sell the underlying cryptocurrency for a set price at (or before) a fixed expiration date. The right to buy the underlying cryptocurrency is referred to as a “call” while the right to sell is called a “put.”

In 2013, Vitalik Buterin, the co-founder of Ethereum, released a white paper detailing the blockchain's operations, including its mechanics, applications and potential areas for concern. Two years later, Buterin and Joe Lubin, the founder of blockchain software startup

, jointly launched the Ethereum platform.

Ethereum's founders aimed to build an electronic, programmable network with use cases beyond enabling the safe trade of virtual currency. In 2016, a group of Ethereum network participants obtained majority control of its blockchain. In June of that year, a hacker took the opportunity to 

To restore the stolen funds, Ethereum members voted on a 

 was born. A small proportion of the community, however, decided to remain on the original Ethereum blockchain.

Since its launch, Ethereum has climbed to the #2 spot of CoinMarketCap’s cryptocurrency rankings, and has managed to retain its position ever since. As of June 22, 2022, it has a

You can now trade ETH options from various crypto exchanges. Crypto options such as ETH options are popular because they allow plenty of room for leverage. Instead of paying $1,150 to buy 1 ETH, you can spend a much lower amount of money on ETH options, and technically own a larger amount of Ethereum by doing so.

Broadly, ETH options can be classified into two categories: Call options (bullish bets) and put options (bearish). While call options are used to buy assets, put options are used to sell assets.

 A type of option that allows the trader to only exercise the contract at the time of its expiration.

With American options, buyers can exercise their contracts at any time before they expire. Because American alternatives provide more flexibility, they’re usually more expensive than European or Bermuda-style options.

 A restricted type of American option, Bermuda has two deadlines on which the options might be exercised — the expiration date, and specific dates before expiry.

Cryptocurrency traders can buy options for exposure to capital appreciation, or they can sell them to earn a premium. Both put and call options can be purchased and sold. It's important to note, however, that neither choice is risk-free.

 network — a decentralized, distributed public ledger that verifies and records all transactions. In blockchain transactions, cryptography is employed to keep the network secure and validate transactions.

With the help of computers, users can "mine" ETH by solving complex algebraic calculations. In this way, validated transactions are executed on the blockchain network and add new blocks. Traders are given cryptocurrency tokens as a reward, and these tokens in the Ethereum platforms are termed Ether, or ETH.

The Ethereum network may be used to store data and run decentralized apps (

). Users can even host software on the Ethereum blockchain.

 is an agreement that grants its holder authority (without obligation) to purchase and sell an asset on an agreed-upon date at a set price.

 provides holders with the right to buy a specific amount of Ether on a specific date, at a predetermined price.

 provides holders with the right to sell a specific amount of Ether on a particular date, at a specific price.

The main factors that determine an option’s price are:

The price of a call option increases with an increase in the price of the underlying asset. Conversely, the price of a put option decreases with an increase in the price of the underlying asset.

The principal trading venues for buying ETH options are centralized exchanges, such as FTX or KuCoin. Some exchanges settle crypto options contracts in cash, whereas others physically distribute crypto assets to investors after a trade is completed. Factors such as platform costs, asset liquidity and personal trading strategy should be assessed before choosing a venue for trading.

Recently, noncustodial options trading systems on Ethereum have been gaining traction. While not very liquid

 options platforms are compatible with Ethereum's 

 (DeFi) stack. The majority of permissionless options trading systems are modeled after standard options protocols.

Crypto options can serve as an affordable, low-risk alternative to perpetual swaps or futures. Like other derivatives, options contracts allow traders to bet on the future price of an underlying asset. They can be settled in cash (U.S. dollars) or cryptocurrencies (Bitcoin, Ether, etc.).

The target price of each option is known as the “strike price,” which determines whether an option can be exercised. The value of an option is dependent on the difference in price between the strike price and that of the underlying asset.

The strike price of call options is the price at which the option holder can purchase the assets. On the other hand, the strike price of put options is the price at which the assets can be sold. Strike prices are standardized, which means they are set in predetermined monetary amounts.

The “expiration date” for an Ethereum option means the deadline for exercising option contracts. An option expiring "in the money" provides the owner of the option the choice to exercise it, or to close the position to collect the profit. If an option is "out of the money" on the day it expires, it loses all value. If you don't intend to exercise your option, you can exit your contract before it expires and either profit or lose money.

This occurs when the strike cost of an option is more favorable than the market price of the underlying asset. An in-the-money (ITM) call option relates to the ability of the option holder to purchase an asset at a cost lower than the market rate. With an ITM put option, the option holder can sell the asset at a price higher than the current market price.

The strike price of an out-of-the-money (OTM) 

 option is greater than the market worth of the underlying asset, while an OTM 

 option has a strike rate that is lower than the underlying asset's market rate.

Traders can still benefit from buying OTM. One possible scenario is that they’ve purchased a less expensive OTM option, but that option is now getting closer to becoming ITM. As such, even though the option is currently OTM, it may become worth more than the trader paid for it.

In this case, the price of the underlying asset is equal to the strike price of the option.

Many factors come into play when determining the value of Ether or ETH options. Pricing is influenced by several variables, all of which should be taken into consideration before you enter a contract.

ETH options allow users to hedge against risk and improve market equilibrium by providing opportunities for 

. They’re cost-effective since they don’t demand an upfront charge when issuing a contract. Another advantage is that you don't have to exercise the contract if you don't want to — you can choose to opt out of the contract. Options also boost the liquidity of the market.

The market for ETH options is quite volatile. As with other asset classes, traders have a better chance of making a profit if the market moves in their favor.

For buyers, the key advantage of making informed options investment decisions is that they’re under no obligation to exercise a contract if they don’t want to. Crypto options carry a risk that’s limited to the premium paid. If the market goes against an options buyer, the resulting exposure won’t lose more than their initial investment.

If you're looking to diversify your portfolio with options, ETH options may be a good entry point. Alternatively, you can trade another type of crypto option,

ETH Options: How to Own Ethereum Without Actually Buying It

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards