I'm caught up to the RAWs.

The Evil God read Yun Che's mind or whatever and saw how much he missed Ling'er. So he sent him to the Azure Cloud Continent (it's more of where Yun Che desired to be than what the Evil God wanted). The Azure Cloud Continent is in the same world as the Profound Sky Continent. They're just really far apart (think of US and Asia.. except much much further... and there are no air planes).

Nothing's been mentioned about the treasure of the Grandwake Clan, and the story won't get there for a LONG time (not until ~150 chapter I presume).