Subject: 🦎🚀 Alameda Embarks on a Rescue Voyage 🌌

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Ready for a terrific Thursday, Geckos?

eBay acquires NFT marketplace KnownOrigins for an undisclosed sum. The e-commerce giant seemed to have found their answer after exploring ways to enter the NFT market since last year.

eBay CEO Jamie Iannone believes that the passionate and loyal group of artists and collectors will be a great addition to the community of sellers and buyers on eBay.

Founded in 2018, the UK-based platform KnownOrigin is one of the first NFT marketplaces. It has generated $7.8 million in sales since its launch, according to DappRadar.

In today’s news, Shopify dives deeper into NFTs, Alameda bails out Voyager Digital, and Coinbase shares tank. 

Read on!

24h Hot Searches Worldwide 

  • dYdX                                    (+3.8%)

  • Evmos                                (+26.5%)

  • AssetMantle                       (+7.9%)

  • Celcius Network                 (-9.5%)

  • THORChain                         (+9.5%)

  • Kyber Network Crystal     (+4.3%)

  • Polygon                              (+22.9%)

The blue-chips are back, with this week’s leaderboard dominated once again by the Yuga Labs collections - CryptoPunks, BAYC, MAYC, Otherdeeds. Meanwhile, no-utility, no-roadmap, free-to-mint NFTs like and ShitBeast have been slipping, slowly fading into oblivion like so many past collections that dominated with their 15 minutes of fame. All is well and “right” in the world of JPEGs again, as some might put it.

Catch up with the latest NFT developments in our latest article here!

You can also read our other articles for the week:

We see an ever-increasing rise in blockchain technologies in the space. With that rise comes Polkadot, the Internet of blockchains. Today's video covers what Polkadot is, its ecosystem, and how it aims to revolutionize the space with its parachains!

What is Polkadot?📺 

Here's a preview of our latest Gecko Ramblings! 🦎

The Odyssey Begins

The Arbitrum Odyssey has officially begun! For the next 8 weeks, users can perform tasks within the Arbitrum ecosystem to earn exclusive NFTs.

For Week 1, users will have to bridge ETH into Arbitrum using one or some of the selected bridges here to qualify for the NFT. If you happen to use the bridge that gets the highest volume at the end of the week, you will get a bonus NFT!
Gecko Ramblings delivers the latest alphas, insights & juiciest farms, right to your inbox, exclusively for Premium+ subscribers!

Disclaimer: The information presented is not financial advice from CoinGecko. The information shown here may carry risks of smart contract failure and impermanent loss. Always DYOR and only invest what you are willing to lose.

Shopify Dives Deeper Into NFTs

After Shopify enabled NFT sales through its platforms last year, the platform is now launching its ‘gm’ NFT-gated storefronts as a way for brands to create exclusive shopping experiences. 

As part of the token-gated shop launch, Shopify has partnered with well-known NFT projects such as Doodles, Cool Cats, Invisible Friends and World of Women to create token-gated storefronts.

In addition to exclusive online shopping experiences, Shopify is extending token-gating to physical stores. This means that only eligible NFT holders can purchase select merchandise at those locations.


Alameda Embarks on a Voyage

Trading platform Voyager Digital took a 15,000 BTC loan from trading firm Alameda Research amid concerns over Three Arrows Capital (3AC) insolvency. Voyager disclosed that 3AC owes the firm 15,250 BTC and $350 million USDC.

Voyager Digital also noted that they might issue a notice of default to 3AC if they fail to repay $25 million by Friday and the full amount of outstanding debt on Monday. 

Voyager has plans to pursue legal action in hopes to recover funds from 3AC, but is unsure of the possible amount that could be recovered.


Coinbase One-Upped by Binance US? 

The race to offer customers little or no fees on trading continues and could add to competitive pressures for exchanges.Crypto exchange Binance US has removed trading fees on BTC trades, reminiscent of Robinhood’s zero-commision trading.

Coincidentally, rival crypto exchange Coinbase’s share price fell more than 9% promptly after Binance US’ announcement.

Currently, Binance US users can leverage zero-commission trading on four Bitcoin spot market pairs - BTC/USD, BTC/USDT, BTC/USDC and BTC/BUSD.


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dYdX is a decentralized exchange that specializes in perpetual futures trading. dYdX operates with smart contracts on the Ethereum blockchain, allowing its users to trade with no intermediaries. dYdX currently uses the StarkEx layer-2 scalability engine to enable instant trade execution, low fees, and enhanced privacy.

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