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On August 1st, Yonhap News Agency reported that driven by strong demand for memory chips, South Koreas exports surged nearly 63% year-on-year to $98.99 billion in July, marking the second-highest monthly export value on record, second only to Junes $102.2 billion. Imports increased by 26.5% to $68.56 billion, resulting in a trade surplus of $30.32 billion. By industry, semiconductor exports skyrocketed 179% to $41 billion, exceeding the $40 billion mark for the second consecutive month. Despite intensified competition, global memory product prices remained high. Data shows that exports to the US surged 68.7% to $17.4 billion, driven by AI data center investment projects launched by major high-tech companies. South Korean Minister of Trade, Industry and Energy Kim Jung-kwan stated that, driven by the strong performance of the semiconductor industry, 19 of South Koreas 20 major export categories achieved growth, demonstrating the significant effectiveness of export diversification.August 1st - According to the China State Railway Group, the two-month summer railway travel season, which began on July 1st and lasted until July 31st, saw a total of 432 million passenger trips. Since the start of the summer travel season, passenger flow has been concentrated in the Chengdu-Chongqing, Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area regions. Data shows that as of July 31st, the Beijing Railway Bureau of China State Railway Group transported a total of 38.774 million passengers, and the Guangzhou Railway Bureau of China State Railway Group transported a total of 58.925 million passengers.August 1, 2026 - Li Auto announced its July 2026 delivery figures. In July 2026, Li Auto delivered 30,468 new vehicles. As of July 31, 2026, Li Autos cumulative historical deliveries will reach 1,764,155 vehicles.DeepBlue Autos: Global sales in July 2026 reached 29,213 units, a year-on-year increase of 7.52%; cumulative global sales from January to July reached 193,369 units, a year-on-year increase of 13.48%; cumulative global sales exceeded 910,000 units.1. A missile attack in the Ukrainian capital injured 12 people. 2. Trump denied allowing Ukraine to produce Patriot interceptor missiles. 3. Polish Defense Minister: Polish F-16 fighter jets intercepted a Russian reconnaissance plane in the Baltic Sea. 4. Ukrainian President Zelensky: He spoke by phone with US Vice President Vance to discuss the outcome of his recent meeting with Trump in Washington. 5. Russian Grain Exporters and Producers Union: Attacks in the Black Sea region could lead to a complete blockade of export routes in the near future. 6. Ukrainian President Zelensky: Ukraine attacked Russian logistics facilities in three regions and a maritime terminal in the Krasnodar region of Russia. 7. Russian Ministry of Defense: Russian forces attacked a Ukrainian mail sorting center in the Dnipropetrovsk region, a fuel storage depot and oil refinery in Odessa, and struck a ship delivering supplies to the Ukrainian army in the Black Sea.

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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