Crypto Today: Ethereum Spot ETFs debut on Nasdaq, NYSE Arca and CBOE, Bitcoin and XRP hold steady

• Ethereum Spot ETFs approved by US SEC are live on stock exchanges Nasdaq, NYSE Arca and CBOE. 
• Bitcoin and XRP held steady above key support levels, as traders are optimistic with ETF launch. 
• Ethereum hovers around $3,500 early on Tuesday. 

Bitcoin, Ethereum, XRP updates

• Bitcoin trades around $66,500, early on Tuesday as sentiment among traders shifts from fear to greed. The index reads 71, signaling traders are “greedy” and the sentiment is bullish as BTC sustains above key support at $65,000. Mt.Gox transfers $2.85 billion in Bitcoin, what to expect from BRC-20, cat-themed meme coins
• Ethereum is hovering around key support at $3,500 early on Tuesday. The asset’s Spot Exchange Traded Funds (ETFs) kicked off trading at US-based crypto exchanges. The sentiment among Ether traders is positive, per cryptoeq.io data. This week could be explosive for ETH: Ethereum ETFs to debut in the US on Tuesday
• XRP remains relevant among market participants as traders discuss the likelihood of settlement in Securities & Exchange Commission’s (SEC) lawsuit. Ripple stablecoin unlikely to invite legal trouble from SEC, says Ripple executive

Chart of the day

JASMY/USDT daily chart 

JasmyCoin (JASMY) could extend its decline by another 8% and collect liquidity at the Fair Value Gap (FVG) shown in the JASMY/USDT daily chart. The momentum indicator shows waning positive momentum in JASMY’s price trend. 

Once JASMY collects liquidity at the FVG, the asset could resume its climb to the June 19 high of $0.03370, as seen in the chart above. A rally to this level represents nearly 25% increase in the asset’s price. 

Market updates

• Ronin network, the creators of blockchain game Axie Infinity, hit a key milestone with highest ever daily active addresses, over 1.8 million, on July 23. 

• Spot Ethereum ETFs record $112 million in trade volume within first fifteen minutes of going live, per Bloomberg ETF analyst’s tweet on X. 

• A tokenized asset manager Superstate debuted a tokenized “carry trade” fund that provides yields by buying spot and shorting Bitcoin and Ethereum futures. 

Industry updates

• The Bitcoin Magazine noted that the Stock-to-Flow metric states that BTC fair valuation is over $400,000. 

• Crypto analyst predicts new all-time high in Ethereum based on the ETF trading numbers. 

• The Graph protocol notes a surge in demand based on “queries” for the project on Messari, up 84% QoQ.