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

Strategies

Trading

Scalp trading in crypto is not identical to forex trading despite the conceivable concept. Learn the pros, cons & best scalping strategies.

As the cryptocurrency market continues to evolve, traders are constantly seeking innovative ways to maximize profits. Crypto scalping is one such technique that has gained popularity among traders for its potential to yield consistent returns. But what exactly is crypto scalping, and how can you leverage this strategy for maximum profits? Buckle up as we unveil the best crypto scalping strategies and tips that will help you navigate the ever-changing landscape of cryptocurrency trading.

At the heart of crypto scalping lies the idea of capitalizing on minor price fluctuations in the volatile cryptocurrency market to achieve small profits. This short-term trading strategy entails purchasing at the bid price and selling at the asking price, enabling traders to benefit from market prices even when orders and sales are not modified.

Crypto scalping relies heavily on technical analysis, as traders use numerous tools and indicators to spot profitable trading opportunities. Nonetheless, understanding the potential risks and challenges this trading method presents is paramount.

Some key points to consider when engaging in crypto scalping include:

By keeping these factors in mind, traders can increase their chances of success in crypto scalping.

Whether in forex trading or crypto trading, successful scalping requires the following:

To achieve this, traders often employ a well-defined algorithm of actions, utilizing a trading system containing a complete set of trading rules.

Technical indicators such as moving averages, 

, and oscillators are often employed for scalp trading purposes, including crypto scalping. Additionally, leveraging plays a pivotal role in maximizing profits since a crypto scalping trading strategy necessitates a considerable amount of capital.

Navigating the world of crypto scalping becomes easier with our top five crypto trading strategy options:

These strategies cater to both novice and experienced traders and offer unique approaches to capitalize on market opportunities.

, a favored crypto scalping strategy, revolves around buying at support levels and selling at resistance levels within a stable price range. This approach works best in flat markets, where price fluctuations are limited and predictable.

To successfully implement range trading, traders typically follow these steps:

Arbitrage trading, a profitable crypto scalping strategy, capitalizes on minor price variations between cryptocurrencies across different markets. The idea is to buy a cryptocurrency at a lower price in one market and then sell the same cryptocurrency at a higher price in another market, thereby profiting from the price difference.

To effectively respond to arbitrage opportunities, it is imperative to take prompt and decisive action and to monitor prices across all markets simultaneously. This often requires the use of advanced tools like arbitrage scanners, which draw data from multiple exchanges and present it on a unified dashboard.

The bid-ask spread strategy aims to profit from the price difference between the bid and ask price in a rapidly changing market, buying low and selling high. This strategy capitalizes on the price disparity and permits scalpers to generate swift profits over a brief time frame.

To implement the bid-ask spread strategy, traders need to follow a step-by-step procedure: select the trading pairs, monitor the market, recognize the spread, submit buy and sell orders, and finalize the position. However, it is important to be aware of potential risks and weaknesses, such as 

, liquidity issues, slippage, transaction costs, timing challenges, and regulatory risks.

The moving average crossover strategy uses short-term and long-term moving averages to identify potential trend shifts and pinpoint investment opportunities. This strategy focuses on bullish crossovers (short-term moving average crossing above long-term moving average) and bearish crossovers (short-term moving average crossing below long-term moving average) as indications of potential changes in the trend direction.

The moving average crossover strategy most frequently utilizes the 50-day and 200-day moving averages, which help recognize trends and potential buying or selling opportunities in crypto scalping. These moving averages add reliability to short-term trading strategies and can be employed to capture price swings over days or weeks.

In crypto scalping, the price action strategy hinges on the analysis and interpretation of the asset’s price movement. This strategy focuses on short-term technical analysis to identify potential investment opportunities through the observation of price movements and patterns.

Among the patterns typically assessed in the price action strategy are:

Traders also employ technical indicators tailored to very small time frames for scalping. Price action patterns play a significant role in examining the market in this strategy, providing valuable insights for traders to make informed decisions.

Successful crypto scalping requires traders to be well-equipped with vital tools like:

API tools offer features such as wallet integration, transaction support, and market price tracking, providing traders with comprehensive market data to make informed decisions. Analyzing trading charts is also crucial for formulating an effective strategy, helping traders identify trends, price movements, and potential entry and exit points.

Crypto scalp trading boasts numerous benefits including low risk, the prospect of regular small profits, and the convenience of automation. This trading strategy, also known as crypto scalping, is particularly appealing to those who prefer to execute multiple trades in a short span of time, capitalizing on minor price fluctuations in the volatile cryptocurrency market.

Nonetheless, crypto scalping presents its unique challenges such as low profit per trade, steep trading fees, the need for quick reactions, and intense trading demands. Furthermore, transaction fees, which are essentially 

, play a critical role in crypto scalping, as scalpers often execute up to a hundred trades per trading session. Therefore, it’s vital to choose a low-fee platform and combine multiple strategies to minimize costs and maximize profits.

For crypto scalping beginners, a demo account proves invaluable, allowing them to refine their scalping strategy and avoid significant losses in real trades. Additionally, selecting a platform with low fees helps minimize expenses and increase profitability.

can help maximize profits and minimize risks. Performing comprehensive research prior to executing any trades is also essential, as it offers valuable insights into market trends, price movements, and potential entry and exit points.

Comparing Crypto Scalping to Other Trading Strategies

Crypto scalping differs from other trading strategies such as day trading and swing trading, particularly in terms of holding period, trade frequency, and its focus on technical analysis. While scalpers typically execute dozens of trades daily, day traders usually conclude no more than a few trades per day and hold their positions open for no more than a few hours.

On the other hand, swing trading involves holding positions for a few days to weeks, or even months, focusing on capturing larger price movements over a more extended period. Crypto scalping signals can also provide an opportunity to supplement trading balance for swing traders while waiting for longer-term trades to materialize.

Crypto scalping is a promising trading strategy that can offer consistent returns when executed correctly. By understanding the principles of crypto scalping, employing the top strategies, utilizing essential tools, and adopting valuable tips, traders can capitalize on minor price fluctuations in the volatile cryptocurrency market. With dedication, practice, and continuous learning, you too can master the art of crypto scalping and unlock its full potential.

What is the most successful scalping strategy?

For successful scalping, leverage trading is the best strategy as it enables traders to increase exposure in the forex market using only a small percentage of the asset value. Another popular method is mark making, which involves putting out a bid and offer for the same stock at the same time, ideally with stocks that don't show any price movement.

Scalping in crypto can be profitable, but transaction costs should be taken into consideration as they can reduce overall profits.

What is the primary goal of crypto scalping?

The primary goal of crypto scalping is to capitalize on minor price fluctuations in the cryptocurrency market to make small profits.

How does crypto scalping differ from day trading and swing trading?

Crypto scalping involves shorter holding periods, more frequent trades and a greater emphasis on technical analysis than day trading or swing trading.

What are some essential tools for successful crypto scalping?

To succeed in crypto scalping, it is essential to have trading bots, API tools, and trading charts to automate trades, monitor market data, and analyze price movements.

Discover the Best Crypto Scalping Strategies for Maximum Profit

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