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Crypto Trends

Morning Minute: Vanguard Flirts With Crypto

by admin September 29, 2025



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors rally over the weekend; BTC reclaims $112,000
  • Vanguard reportedly considering offering crypto ETF access to its 50M investors
  • SEC and FINRA investigating DATs for insider trading
  • Tether is reportedly raising at a $500B valuation; XPL at $13B after first days of trading
  • Hypurr NFTs open at $65k floor on $60M+ in their first day of trading

🛡️ Vanguard Flirts With Crypto

The world’s second-largest asset manager is considering letting its U.S. clients buy crypto ETFs.

The final walls are falling down.

📌 What Happened

Last week, Crypto in America reported that Vanguard is weighing access to select spot crypto ETFs for brokerage customers.

This is a sharp departure from its 2024 stance, when it blocked spot Bitcoin ETFs on-platform.

There’s no final decision or product list yet; the discussions reflect persistent client demand and the competitive reality that most major peers already enable trading.

Notably, Vanguard’s CEO Salim Ramji was previously at BlackRock and oversaw the launch of their Bitcoin ETF IBIT, one of the most successful ETF launches of all time.

For asset context, Vanguard today oversees ~$10T in AUM and serves more than 50 million investors globally, so even a cautious rollout would be consequential for ETF liquidity.

🗣️ What They’re Saying

“They’re being very methodical in their approach, understanding the dynamics have been changing since 2024.” – source talking to Crypto in America

“Vanguard, the 2nd largest asset manager in the world, is finally planning to allow clients to invest in crypto ETFs on their platform. By waiting this long, they have “protected” clients from +150% gains on $BTC since the ETFs went live.” – Satoshi Stacker on X

🧠 Why It Matters

If Vanguard enables crypto ETF access, even with tight guardrails, it adds a massive set of ongoing inflows into crypto majors.

That means deeper secondary-market liquidity, broader retirement-account penetration, and more “default” exposure from set-it-and-forget-it investors who previously had to move assets elsewhere.

Just 1% of $11T is $110B in inflows (and likely a major up-front portfolio rebalance adjustment).

That’s massive.

It also marks a symbolic validation: the firm that once said “not appropriate for long-term portfolios” would be acknowledging a durable role for crypto alongside stocks and bonds.

The final holdouts are starting to capitulate.

The crypto boom cycle is about to begin…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

In Corporate Treasuries / ETFs

  • The SEC and FINRA announced investigations into DATs for potential insider trading
  • SharpLink (SBET) to offer tokenized shares via Superstate’s Opening Bell

In Memes

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the week:

  • Plasma’s XPL mainnet + token launched on major exchanges with a $2.4B+ market cap (though down 9% from yesterday at $1.29)
  • Aster led all perps dexes in volume and fees over the past week, including beating Tether in fees
  • ApeX (APEX) spiked ~280% last week amid whale buys and team teasers, coming after 25M APEX rewards/airdrop program and roadmap were teased
  • Punk Strategy’s PNKSTR token soared to $90M and a new ATH after announcing a series of new NFT strategy token launches including Squiggles, CrypToadz and more

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap +2% at $16.9B, leaders were green
  • FARTCOIN (+5%), VIRTUAL (+3%), TIBBIR (-5%), aixbt (+2) & ai16z (+2%)
  • DOGEAI (+18%) and TIBBIR (+14%) led top movers

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were slightly red on the week despite the pick up in NFT Strategy tokens; Punks -3% at 47.6 ETH, Pudgy -2% at 10.23, BAYC -3% at 9.13 ETH
  • Kaito Genesis NFTs (+170%), goblins (+260%) and GVC (+50%) were notable top movers
  • Hypurr NFTs were airdropped to early Hyperliquid users and reached a 1,390 HYPE floor ($65,000) on an insane $60M in daily volume

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





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September 29, 2025 0 comments
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Vanguard to allow crypto access to brokerage clients
Crypto Trends

Vanguard prepares to open brokerage doors to crypto ETFs

by admin September 29, 2025



Vanguard, the most formidable holdout in asset management, is drafting plans for a strategic retreat. The $10 trillion giant is reportedly preparing to grant its brokerage clients access to crypto ETFs, signaling a profound shift in institutional acceptance.

Summary

  • Vanguard is reportedly preparing to let brokerage clients access third-party crypto ETFs, reversing its 2024 ban.
  • The shift follows rising client demand, regulatory changes, and new CEO Salim Ramji’s influence.
  • The firm still has no plans to launch its own crypto products.

On Sept. 26, crypto journalist Eleanor Terrett reported that Vanguard has initiated internal groundwork and external discussions to facilitate access to select third-party crypto ETFs for its brokerage clients.

According to a source familiar with the plans, the firm is acting in response to mounting client demand and a notably shifting regulatory landscape. The source emphasized that Vanguard is being “very methodical” in its approach, acknowledging the market dynamics that have evolved since the landmark ETF approvals in 2024.

Crucially, the report indicates this move does not include plans for Vanguard to launch its own proprietary crypto products.

From rejection to reconsideration

This potential pivot marks a stark departure from Vanguard’s firm stance in January 2024, when the firm blocked client access to the newly approved spot Bitcoin ETFs. At the time, the asset manager stated the products conflicted with its offering focused on traditional asset classes like equities, bonds, and cash, which it considered the essential building blocks of a long-term portfolio. It deemed Bitcoin’s volatility incompatible with its investment philosophy.

The road to this reversal, however, has been paved with telling clues. As Bloomberg Senior ETF analyst Eric Balchunas noted, the appointment of Salim Ramji as CEO in mid-2024 was a critical signal.

Ramji, who personally oversaw the launch of BlackRock’s iShares Bitcoin Trust (IBIT), brought an insider’s understanding of the digital asset market to Vanguard’s top role. Balchunas had previously speculated that Ramji’s leadership could lead to a reversal of the ETF ban within a year or two, characterizing it not as a radical shift but as an incremental change for a platform that already offers gold ETFs.

This context makes the current developments appear less like a sudden about-face and more like the execution of a deliberate, CEO-led strategy. Further complicating Vanguard’s public skepticism was its quiet ascent to becoming the largest shareholder in Strategy, which is widely regarded as a publicly traded Bitcoin proxy.

According to Bloomberg, through its various funds, Vanguard accumulated an 8% stake in the firm. This substantial investment stood in sharp contrast to its public statements, suggesting a nuanced, if not contradictory, approach to gaining exposure to the digital asset ecosystem through traditional equity channels.



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September 29, 2025 0 comments
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Oakley Meta Vanguard hands-on: what athletes actually want
Product Reviews

Oakley Meta Vanguard hands-on: what athletes actually want

by admin September 18, 2025


When the Oakley Meta HSTN arrived earlier this year, it wasn’t what I thought Oakley-branded smart glasses would be. Sure, they had Oakley’s famous PRIZM lenses, but where was the wraparound design? Where were the athlete-focused features like stronger water and sweat resistance? Confusingly, it felt like the HSTN glasses were just Ray-Ban Meta glasses by another name. But that’s because Meta had the real athlete-focused glasses in its back pocket. Today, the company unveiled the new $499 Oakley Meta Vanguard — and it has everything outdoorsy athletes could want and then some.

“When we started building HSTN, it was an easier process of developing because most of the things we wanted for low-impact sports, like skating, don’t require a lot of technology in the eyewear from a performance standpoint,” says Oakley global president Caio Amato. Conversely, Amato says, the Vanguards were envisiond as a “revolution” not just for elite sports stars, but weekend warriors and everyday athletes.

Jabroni mode unlocked.

Putting on the Vanguards, I felt myself morph into Coach Taylor from Friday Night Lights. They’re the quintessential wraparound Oakleys beloved by sports coaches, hardcore outdoors enthusiasts, and Patagonia-clad dads. At 66g, they’re slightly more hefty than the regular Ray-Ban Meta glasses, but still feel lightweight and secure enough for more intense activity. That’s partly because the Vanguards will ship with three swappable nosepads to ensure a good fit. The design has also been crafted with hats and cycling helmets in mind, which is why the control buttons are placed underneath the arms instead of above.

Switching the camera to the nosebridge was a huge technological challenge, says Oakley Global President Caio Amato. Photo: Colt Bradley / The Verge

Speaking of buttons, there’s also a new Action Button that acts as a shortcut for the various camera modes. Yes, you read that right: modes. The Vanguards have a 12MP, 122-degree camera placed smack-dab in the nose bridge, with a recording indicator light placed right above it. You can now record in 1080p with 30 frames per second for five minutes, 1080p at 60fps for three minutes, 3K at 30fps for three minutes, and 720p at 120fps in a new slo-mo mode. There’s also a new hyperlapse mode that lets you stitch together and compress in a sort of highlight reel. (Hyperlapse and slo-mo will come in a software update to all of Meta’s glasses later this fall.) There’s also adjustable stabilization, so you can customize based on the intensity of the activity you’re doing. Athletes can also program the glasses to start recording at certain milestones — like when they’re nearing a race’s finish line, for instance. It’s basically like putting a GoPro on your face without a silly little face-mount.

The camera, Amato says, was the biggest challenge in developing the Vanguards. The desire was to capture a first-person point of view, but “from an engineering and design standpoint, it change[d] everything completely from where Ray-Ban Meta were before.” For example, to get that first-person perspective, Amato says the camera required a much wider field of view, stronger stabilization, and 3K quality.

The Vanguards have also been tweaked to cater to outdoor performance. The lenses are swappable, and a low-light option will be available later this year. Amato says the different colors are optimized for certain activities. For example, if you’re into fishing, you may want the blue lenses as they neutralize blue hues more.

The speakers are 6db louder. That might not seem like much, but having pushed the volume, I assure you, they can get quite loud. Amato says that the speakers were tested on bicycles going up to 30mph with crowds present, as well as at road races, so that runners could have confidence their tunes wouldn’t be drowned out on race day. Unlike the regular Ray-Ban glasses, these also have an impressive IP67 water- and sweat-resistance rating. Meaning if you fall out of a kayak, you don’t have to worry about the glasses getting wrecked. Battery life also has an estimated max of nine hours, and six hours of continuous music playback — enough for most people to finish a marathon. With a case, you get a total of 36 hours and can also charge roughly 50 percent in 20 minutes.

Note the Meta AI glasses icon on the Garmin I’m wearing. Photo by Colt Bradley / The Verge

But the athlete-focused features don’t stop there. Meta is also partnering with Strava and Garmin. For the former, you can upload your footage straight to the platform. You’ll also be able to ask Meta’s AI about your historical Strava data. But perhaps what’s cooler is that the glasses can pair directly with certain Garmin watches. (I was told “most newer Garmins should work.”) You can see a Meta AI icon on the Garmin watch, and, mid-run, you can ask the glasses to give you a readout of your heart rate and other stats. Afterward, you can put an overlay with your workout’s key metrics on your video footage for sharing on social media. Garmin users can also program the glasses to automatically capture snippets at key moments — for example, each time you finish a mile.

“We wanted to have Garmin and Strava [as partners] because they’re leaders and because they have a community of sports people around them,” says Amato. “We really like the whole idea of this eyewear as enabling those sport communities to not only be their best version, but also to communicate and record better while capturing life.”

There’s more good news if you like heart rate zone training. There’s a new LED light above the right eye that turns red if you venture outside the target zone for a given workout. The LED light can also be configured to provide pacing alerts.

The glasses come in four colors and the lenses are swappable. Photo by Victoria Song / The Verge

I took the glasses for a brief spin on a treadmill run and used them to record regular and slo-mo video. It was simple and easy via the action button, but you can also just ask Meta’s AI to start recording. There was next to no latency when I asked the glasses to give me a readout on my heart rate. That’s not enough to deliver a complete verdict, but my first impression is that this is an impressive feature set that will appeal to all sorts of athletes. I was such a huge fan of the Bose Frames Tempo that I ran a whole half-marathon in them. I’ve felt a bit bereft since they were discontinued. However, those were simply audio glasses, and I still had to use my phone to capture moments from my race. The ability to condense sunglasses, headphones, and a camera into one piece of equipment is hugely appealing when you’re trying to manage a water vest, salt chews, energy goos, and sunscreen.

Amato says the response from elite athletes so far has been incredibly promising. The company had superstars like cyclist Mark Cavendish, NFL quarterback Patrick Mahomes, and Real Madrid’s Kylian Mbappé help develop and provide feedback on the device. According to Amato, the glasses left the usually opinionated Cavendish speechless over all the possibilities. Mahomes purportedly said that the Vanguards “were not eyewear anymore” but “something completely new.”

I’m no professional athlete, and we’ll have to put these to the test in the coming weeks. But if they can replace my Bose Tempo? I’m down to be the captain of Team Jabroni.

The Oakley Meta Vanguard glasses are available for preorder today and will ship October 21st.

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