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The European-Mediterranean Seismological Centre reports a 5.7-magnitude earthquake in the Biobío region of Chile.The U.S. Geological Survey reported a 4.5-magnitude earthquake 5 kilometers south-southwest of Broley, California.May 10th - According to sources, Alibaba (09988.HK) is preparing to announce its integration plan between its AI platform Qwen and e-commerce platform Taobao. This move aims to drive shopping through conversation rather than keyword search. The integration will reportedly allow consumers to browse, compare, and purchase products by conversing with an AI assistant through the Qwen app, eliminating the need to manually navigate product listings. The Qwen app is expected to integrate with Taobao and Tmalls complete catalog of over 4 billion products and leverage a "skill library" capable of managing logistics and after-sales service. It will also provide shopping recommendations based on users order history and shopping preferences. Furthermore, within the Taobao platform, Alibaba will launch a Qwen-powered AI shopping assistant, incorporating tools such as virtual try-on and 30-day price tracking.According to a source familiar with the matter, Alibaba (09988.HK) is preparing to announce plans to integrate its AI platform Qwen with its e-commerce platform Taobao, a move aimed at driving shopping through conversation rather than keyword search.On May 10th, SK Energy announced that it will provide subsidies to its franchised gas stations to cope with high oil prices. SK Energy will reportedly provide up to 20 billion won per month to support 2,500 branded gas stations nationwide (excluding company-operated stations). SK Energy stated that this subsidy aims to ensure a stable supply of petroleum products and aligns with the governments policies on energy supply stability.

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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