[Hourglass Suspends New Deposit Operations for Phase Two of Stable Pre-Deposit Activity] On November 7, Hourglass announced that Phase Two of the Stable pre-deposit activity has been suspended due to exceptionally high platform traffic, which caused the front-end RPC capacity to be fully utilized. The institutional funding pool has paused new deposit operations. Hourglass confirmed that all user funds are secure and stated that the latest updates will be announced soon.

OKX-BTC/USDT is currently trading at $101001.50, with a 5-minute decline of 0.24%. Please be aware of market fluctuations.

[USDX Depegs to $0.3887, Whale Spends 800,000 USDT to Bottom-Fish but Redemption Unsuccessful] The price of USDX has depegged to $0.3887. A whale address, 0xe454, noticed the depeg and spent 800,000 USDT to purchase 933,000 USDX at an average price of $0.8572. A week earlier, the same whale had purchased 1.4 million USDX and added to their position again. All tokens have been submitted for redemption, and if the redemption is successful, an estimated profit of approximately $135,000 could be realized. However, as of now, 3 hours have passed, and the redemption has not yet been successfully completed.

[Federal Reserve Governor Barr: Progress Made in Controlling Inflation, But Further Efforts Needed] Federal Reserve Governor Barr stated that the United States has made some progress in controlling inflation but further efforts are still needed to achieve the goal. He pointed out that the current economy exhibits characteristics of dual-speed development, with economic activity among wealthier households showing strong performance and significant growth momentum. Barr emphasized that the Federal Reserve's policy focus is on ensuring the stability of the job market to support the long-term healthy development of the economy.

[Federal Reserve's Williams Says Neutral Rate is Difficult to Determine] Federal Reserve's Williams stated that the neutral rate is difficult to determine.