Executive Summary
501 hours off peg, 5,783 bps below par on $20.8M. USDT and USDC both flagged for yield anomalies on $257B combined float. PSI holds 92.2 for a nineteenth BEDROCK day.
USX marked its 501st hour below peg, 5,783 bps under par on $20.81M of stranded float, now stretching past three full weeks. Its safety grade holds at F, with a peg component of 30 and liquidity of 17. What was a headline event on day one has become infrastructure; the mcap has neither drained nor recovered materially since mid-June.
Yield tape. USDT and USDC both entered the anomaly window this session: 7.73% and 10.31% APY respectively, opportunity-evidence-missing flags on $257B of combined float. USDC's print sits 43% above its 30-day average. BUIDL added $640.86M in seven days to reach a fresh $3.69B ATH, absorbing rotation without generating a single DEWS signal.
PSI holds at 92.2, its nineteenth consecutive BEDROCK reading, with EURS contributing 5 severity points from an $8M float nobody actually trades. If APXUSD widens past 3,650 bps at tomorrow's snapshot, the top depeg impact figure crosses 1,000 and the story stops being about yield ambiguity. If PSI slips to 90, the regime frame becomes active deterioration on its own.