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Author: Admin | 2025-04-28
Reasoning through the lens of macroeconomics, saying that the U.S. dollar may devalue and that China continued to threaten the greenback as the world’s top currency.As Bitcoin remains in recovery mode following the price crash, the industry needs cooler heads more than ever, and someone as reasoned and calculated as Dalio admitting that he owns Bitcoin, with the ability to articulate an argument for or against the coin, may be just the right remedy. 3. PancakeBunny in the headlightsDeFi protocol PancakeBunny fell victim to a flash loan scheme that cost its investors US$200 million. Image: Matt Lindh, CC BY 2.0, via FlickrBy the numbers: PancakeBunny — over 5,000% increase in Google search volume.PancakeBunny, the Binance Smart Chain-based decentralized finance (DeFi) yield aggregator, last week fell victim to a flash loan exploit in which the hacker made off with more than US$200 million worth of assets from the protocol. A flash loan allows borrowers access to assets as long as they are returned within one block transaction. If they are not returned, a smart contract reverses the transaction.According to PancakeBunny, a hacker used PancakeSwap to borrow BNB coins, then used the loan to participate in low-liquidity and high-yield pools of USDT/BNB and BUNNY/BNB to obtain large amounts of BUNNY. The hacker then dumped the BUNNY, causing BUNNY tokens to tank from US$150 to US$1. BUNNY had reached a new all-time high of US$513 late last month. It was trading at US$32 as of press time. PancakeBunny says it will compensate its users for their losses to the tune of the difference in BUNNY’s price before and after the hack by creating a compensation pool.Forkast.Insights | What does it mean?In last week’s Current Forkast, we discussed the upside of DeFi when compared to centralized finance (CeFi), with human error resulting in the
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