Morning Minute: Vanguard Hires 'Head of Digital Assets' in Crypto Capitulation

Vanguard has appointed a Head of Digital Assets during a period of crypto capitulation and market volatility. This strategic shift occurs as major cryptocurrencies fall following U.S. strikes on Iran, ending the ceasefire. While a meme coin frenzy erupts on the Robinhood chain, Vanguard's move signals increased institutional acceptance. This appointment may influence broader market dynamics, marking a significant change in the firm's approach to digital assets despite the current instability in the crypto market.