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January 9th - According to a report by the Canadian Broadcasting Corporation (CBC) on the 8th, Canadian Prime Minister Mark Carney will visit China next week to discuss trade, energy, and security issues. If the trip takes place, it will be the first visit by a Canadian prime minister to China since 2017. Canadian media believe this visit is significant as it aims to repair Canada-China relations. The Canadian agricultural sector hopes Carneys visit will ease trade tensions. Global News Canada commented, "For farmers in Saskatchewan, this trip has been eagerly anticipated."According to TankerTrackers, a US-sanctioned oil tanker that departed Venezuela last week is currently anchored off the coast of Colombia.New Energy Vehicles: 1. Geely Automobile obtains L3-level autonomous driving road test license. 2. Teslas Shanghai Gigafactory rolls its 5 millionth electric drive system. 3. Faraday Future: Aims to produce and sell approximately 250 vehicles by 2026. 4. He Xiaopeng: 2026 will be the true beginning of the autonomous driving era for China and the United States. Artificial Intelligence: 1. EU orders X platform to retain chatbot data until the end of the year. 2. Nvidia-backed data center company Nscale reportedly seeks $2 billion in funding. 3. Ministry of Commerce responds to review of Metas acquisition of Manus: Enterprises engaging in overseas investment and other activities must comply with Chinese laws and regulations. Other: 1. Apple will hold its annual shareholder meeting online on February 24. 2. Alibaba: Firmly committed to increasing investment in Taobao Flash Sale to achieve absolute market leadership. 3. Sources: Major US tech companies are exempt from strict restrictions in EU digital rules reform. 4. Guangzhou: Promoting the construction of the Nansha Zhongke Aerospace liquid rocket assembly and testing base and the Huangpu Xinghe Power rocket assembly base to be completed as soon as possible. 1. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 0.55% to 49,266.11 points, the S&P 500 rose 0.01% to 6,921.46 points, and the Nasdaq Composite fell 0.44% to 23,480.02 points. Nike rose more than 3%, and Home Depot rose nearly 3%, leading the Dow Jones gains. The Wind U.S. Tech Big Seven Index fell 0.26%, with Nvidia falling more than 2%, Microsoft falling more than 1%, and Apple falling 0.5%. Most Chinese concept stocks rose, with 21Vianet rising nearly 11% and GDS Holdings rising more than 8%. Investors continued to withdraw funds from technology stocks and invest in other sectors, and sector rotation put pressure on the Nasdaq. Apple closed lower for the seventh consecutive trading day. 2. European stock indices closed mixed. The German DAX rose 0.02% to 25,127.46 points, the French CAC40 rose 0.12% to 8,243.47 points, and the UK FTSE 100 fell 0.04% to 10,044.69 points. The market as a whole exhibited a volatile pattern, with the divergence mainly influenced by currency movements, sector rotation, and overnight external market sentiment. 3. US Treasury yields rose across the board. The 2-year Treasury yield rose 1.86 basis points to 3.488%, the 3-year Treasury yield rose 2.83 basis points to 3.550%, the 5-year Treasury yield rose 2.78 basis points to 3.729%, the 10-year Treasury yield rose 2.17 basis points to 4.169%, and the 30-year Treasury yield rose 0.71 basis points to 4.838%. 4. The WTI crude oil futures contract closed up 4.3% at $58.4 per barrel; the Brent crude oil futures contract rose 4.57% to $62.7 per barrel. 5. International precious metals futures closed mixed. COMEX gold futures rose 0.57% to $4487.90 per ounce, while COMEX silver futures fell 1.19% to $76.69 per ounce. 6. Most London base metals fell. LME aluminum rose 0.15% to $3088.0 per tonne, LME zinc fell 0.92% to $3131.0 per tonne, LME copper fell 1.27% to $12702.0 per tonne, LME lead fell 2.04% to $2016.5 per tonne, LME tin fell 2.18% to $43675.0 per tonne, and LME nickel fell 3.34% to $17065.0 per tonne.The Central Bank of Peru kept its benchmark interest rate at 4.25%.

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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