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New York gold futures fell below $4,400 per ounce, down 2.28% on the day.On May 27th, the German Council of Economic Experts lowered its growth forecast for Europes largest economy, citing the Middle East conflict, rising energy prices, and the impact of US trade policies. According to the councils spring report to the government, economists now expect Germanys economy to grow by 0.5% this year, down from the 0.9% forecast in November. The council predicts growth of 0.8% in 2027. The German Ministry of Economic Affairs had already lowered its economic growth forecasts for 2026 and 2027 in April, while raising its inflation forecast. The government now expects economic growth of 0.5% in 2026, down from its previous forecast of 1.0%, and lowered its 2027 growth forecast from 1.3% to 0.9%.JPMorgan Chase CEO Jamie Dimon: Spending this year could be even higher.Market news: Ukrainian President Zelensky sent an urgent letter to Trump, warning that Ukraine faces a critical missile defense shortage.On May 27th, it was reported that customers of the US online brokerage Robinhood will soon be able to instruct an AI agent to trade stocks on their behalf. According to a statement released by the company on Wednesday, customers can create an "agent trading account" completely separate from their standard investment portfolio. The AI agent can only use funds deposited by the customer into this account. Investors can instruct the AI agent to build a diversified portfolio from scratch or adjust its holdings based on market opportunities. Additionally, Robinhood Gold credit card holders can also have the AI agent help with shopping, but they must first set a monthly spending limit and choose whether to enable human approval. For example, cardholders can set reminders for the agent to make reservations at popular restaurants when they become available, or have the fashion-conscious agent search for their favorite handbags online and automatically purchase them if the price is below $2,500.

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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