Today, the news about the collaboration between @Theo_Network and Stable is everywhere. Everyone is analyzing the technical integration and product logic, but they’re overlooking a more critical signal—the capital connections behind it. Simply put, both Theo and Stable are projects led by Hack VC. I manually compiled Hack VC’s investment portfolio before and found that projects led by Hack VC have nearly a 50% chance of eventually landing on Binance. Check out the examples in Image 1—there are 11 in total (might have missed some). Also, the Binance listing includes Binance Alpha, not just spot trading. Looking at Hack VC’s investment logic, they focus on three tracks: crypto-AI, infrastructure, and DeFi. Theo, as an institutional-grade trading infrastructure, perfectly aligns with Hack VC’s preference for high-quality infrastructure projects. So, today’s Theo-Stable collaboration might seem like a simple partnership on the surface, but in reality, it could be a deep integration between two potential Binance candidate projects. Theo link: https://app.theo.xyz/invite?invite=chaos