Announcements Gate Research:Bitcoin's Illiquid Supply Reaches Record High, WisdomTree Files XRP ETF Application with SEC

Gate Research:Bitcoin's Illiquid Supply Reaches Record High, WisdomTree Files XRP ETF Application with SEC

2024-12-03 09:59:36 UTC 3535 Read

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**Gate Research Daily Report(December 3): **On December 3, Bitcoin (BTC) price dropped 1.75% in the last 24 hours, fluctuating within a narrow range of $95,200 to $96,200. XYO saw a single-day increase of over 121%, leading the altcoin market. XRP experienced a liquidation amount of $85.69 million yesterday, making it the cryptocurrency with the highest liquidation amount. Bitcoin mining difficulty increased by 1.59%, setting a new all-time high. Federal Reserve's Williams: The Fed is expected to further lower interest rates. The private key of DeBox's operational account was leaked, resulting in a loss of over 4.87 million BOX tokens and 31 ETH. WisdomTree submitted an XRP ETF application to the U.S. SEC. Digital bank Brighty announced the completion of a $10 million funding round, with Futurecraft Ventures as the investor.

![](https://gimg2.gateimg.com/image/article/1733237528en.png)

**Market Analysis**: BTC price dropped by 1.75% in the past 24 hours, oscillating within a narrow range of $95,200 to $96,200.
**Top Performers**: XYO surged by over 121% in a single day, leading the altcoin market.
**Data Highlights**: Bitcoin’s illiquid supply has reached a new all-time high, now accounting for nearly 75% of the total supply.
**Spotlight Analysis**: DeBox’s operational account private key was leaked, resulting in a loss of over 4.87 million BOX tokens and 31 ETH.
**Market Opportunities**: Magic Eden, a leading multichain NFT and Bitcoin trading platform, will open ME token airdrop eligibility checks on December 4th. This initiative aims to reward loyal users and accelerate Magic Eden’s mission to popularize digital ownership.

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Dec 3rd, 2024

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