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On January 16, according to people familiar with the matter, Canada has drawn up a preliminary list of US-made products worth 150 billion Canadian dollars (105 billion US dollars) and will retaliate if Trump decides to impose tariffs on Canadian goods. People familiar with the matter said that this list is a draft and will only take effect if the Trump administration takes action first. Canada may impose more tariffs based on the actions taken by the United States. On Wednesday, Canadian Prime Minister Trudeau and provincial premiers met in Ottawa to develop a strategy to deal with US protectionism. The premiers of 12 of the 13 provinces and territories said they would "jointly take a series of measures to respond strongly." But the premier of Alberta disagreed with two proposals: imposing export taxes on the provinces energy exports, or reducing energy exports.Venezuelan President Maduro told lawmakers that the countrys annual inflation rate will be 48% in 2024.Sources revealed that Google CEO Sundar Pichai will attend Trumps inauguration.January 16, Tesla (TSLA.O) closed up 8% on Wednesday. The U.S. core CPI rose less than expected, and the market rebounded. This may put the Federal Reserve on the path of interest rate cuts, which will help more people afford new cars. Rivian (RIVN.O), General Motors (GM.N) and Ford Motor (FN) all had good gains, up 4.5%, 1.5% and 1.7% respectively, but Tesla still ranked at the top. Investors are not bothered by Musks new lawsuit with the SEC. In addition, Barclays analyst Dan Levy raised Teslas target share price from $270 to $325, maintaining a hold rating, but his target price is still lower than the current price. Levy said that the stock price has "departed from fundamentals" since the November 5 election. As of Wednesday, Teslas stock price has risen by about 70% (about $177) since the election, during which time analysts average target price for Tesla shares has risen from $235 to around $317 (about $82).US financial regulators fined BLOCK INC $80 million for violating anti-money laundering laws.

Acala and Anchor Protocols To Collaborate and Unite Terra and Polkadot

Cory Russell

Apr 14, 2022 10:56


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Together, Acala and Anchor want to expand Terra and Polkadot's stablecoin sector.


The cooperation will use the Acala protocol to create deep liquidity pools for aUSD and UST.


Anchor's stock has dropped 20% in the last two days, according to the news.


Stablecoins are one of the most important components of the DeFi sector, and Acala, the cross-chain DeFi protocol, plans to create a Decentralized Finance center for the whole Polkadot ecosystem with this new alliance, expanding the reach of these stablecoins.

Anchor and Acala

Anchor, the world's largest lending protocol, teamed up with Acala to revitalize the Terra and Polkadot ecosystems' stablecoin fronts.


Acala and Anchor will build up liquidity pools for TerraUSD (UST) and Acala's stablecoin (aUSD) on Acala as part of this agreement.


This will serve as a point of entry into the Polkadot ecosystem for UST holders. For each of these stablecoins, the platforms want to increase liquidity and yield potential.


Furthermore, with the Liquid DOT (LDOT) token and Acala's – carrying liquid staking derivatives – Liquid KSM, the Karura parachain will aid Anchor's collateral alternatives for UST (LKSM).


Users may acquire access to the Anchor yield by using these tokens, then depositing them as collateral to borrow UST on Anchor. They will be able to gain ANC incentives for borrowing while also being able to deposit their UST for a fixed rate.


According to the press release, the Terra environment will be presented to a whole new set of users from 'Dotsama' (Polkadot and Kusama).

Anchor And Charts 

While other cryptocurrencies have struggled over the previous few days, Anchor has had the worst week of them all. Anchor was the first to fall this week, falling 32% in three days. On April 11, the price dropped by 19% in a single day.


Recovery from this drop will take time since the Relative Strength Index (RSI) is still in the bearish-neutral zone, and a sustained rebound will need a break into the bullish zone.

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