Stablecoin Pre-deposit Phase 2 Over 60 Wallets Mistakenly Sent Contract Address as Receiver Address, Totaling Over $2.34 Million

November 7th: The Nasdaq declined by 2%. Tesla (TSLA.O) saw a decrease of 5.78%. Intel (INTC.O) dropped by 3.95%. NVIDIA (NVDA.O) fell by 3.43% (Oriental Wealth).

On November 7th, Jamie Dimon, the CEO of JPMorgan Chase, stated, "Rather than being left out, engage in stablecoin trading." (Golden Ten)

On November 7th, the President of the New York Fed, Williams, stated that the model-based estimation of the neutral interest rate in the United States is approximately 1%. (FXStreet)

On November 7th, based on HTX market data, Bitcoin fell below $101,000, with a 24-hour decline of 2.6%.

On November 7th, Hourglass posted a message saying, "After the commencement of Phase 2 of the Stable Deposit Event, the platform witnessed an abnormally large volume of traffic, resulting in Hourglass's frontend RPC capacity being fully utilized." "Due to the excessive demand, Hourglass's institutional liquidity pool has temporarily suspended new deposit operations. All user funds remain safe. Further announcements will be made shortly."

On November 7th, as per the monitoring of LookOnChain, USDX has deviated from its peg to $0.3887. The whale address 0xe454 noticed this deviation and spent 800,000 USDT to purchase 933,241 USDX at an average price of $0.8572 per USDX. This is their second purchase of USDX after buying 1.4 million USDX a week ago, and all the tokens have been submitted for redemption. If the redemption is successful, they anticipate making a profit of approximately $135,000. However, as of now, 3 hours have elapsed and the redemption has not been completed yet.