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Take offer #1 and wait for #2 to come out. You can always back out. Might burn some bridges but the industry is big enough for all of us. Don’t stress
You can also let #2 that you are getting close with an offer on #1 and ask them what their timeline is
From what I understand, your application for #2 is still in the black box and you haven’t had anyone reach out to you to formally start the process. Can you poke around LinkedIn and message a recruiter from #2 or someone on that team you’re applying to, to help expedite? Then in your HR phone screen with #2, you can mention a compressed timeline.
Oh yes-missed the part that you were pre interview on #2.
Chief
Don’t pick up the phone if they call you this week. But the other company hasn’t even interviewed you? That will be tough.