Crypto stocks took a sharp nosedive Tuesday as investors dumped tech and risk assets after a strong rally last week that had been fueled by growing speculation around interest rate cuts, but that momentum broke hard as traders got spooked by rising uncertainty ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks in Jackson Hole,

SignalPlus head of Insights Augustine Fan noted that markets have already ruled out any chance of an outsized 50-basis-point cut.

The crypto market decline deepened as Bitcoin, Ether, and XRP dropped ahead of Fed Chair Powell's Jackson Hole speech and policy cues.

Eric Trump, the Securities and Exchange Commission’s new, crypto-friendly chair Paul Atkins and two Fed governors on Donald Trump’s shortlist to replace Powell are all set to attend the Wyoming Blockchain Symposium at the Four Seasons hotel in Jackson Hole.

Bitcoin traders eye Jackson Hole for potential bullish signals; Powell's speech could drive BTC price, depending on tone on rate cuts.

Bitcoin and Ethereum slid ahead of the Fed's Jackson Hole Summit, OKB led gainers and Pump.fun was the top loser.

If classified as a commodity, a token would be overseen by the Commodity Futures Trading Commission—which many in the crypto industry view as a more favorable regulator than the Securities and Exchange Commission.

Major crypto firms have launched the American Innovation Project, a nonprofit to educate D.C. policymakers on decentralized technologies.

Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market. Among crypto exchanges, Coinbase and eToro fell more than 5% each, while Robinhood and Bullish both dropped more than 6%.

There's a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium later this week.