The week ahead features three confluent macro and crypto-specific catalysts: release of the latest FOMC meeting minutes, a new collaboration framework between Coinbase and Circle around USDC, and oil price movements feeding into broader risk sentiment. FOMC minutes will be parsed for any shift in rate cut timing, which directly affects short-end repo rates and the attractiveness of cash versus collateral positions. The Coinbase-Circle USDC arrangement, details of which remain limited, could reshape institutional stablecoin infrastructure relevant to settlement and collateral. For Armada's traditional desk, FOMC guidance affects SOFR positioning and client appetite. For the crypto desk, any formalization of USDC's institutional role could support or complicate tokenized T-Bill collateral discussions, depending on how the collaboration interacts with existing stablecoin and settlement frameworks.