Trump's radical tariffs caused Bitcoin to plummet to 82K, and Sun Yuchen revealed that FDUSD assets are insufficient to cover debts.

U.S. President Trump announced a series of tariffs on U.S. trade, increasing the likelihood of a full-blown trade war and potentially leading the U.S. economy into recession, with U.S. stock index futures plummeting over 3%. Bitcoin fell directly from last night's high of 88,500 to 82 K. Ether once again dropped below 1,800 dollars from 1,957 dollars.

Trump's radical tariffs, US stock futures big dump

Trump stated that he will impose at least a 10% tariff on all products imported to the U.S. from today onwards, and will impose additional tariffs on about 60 countries with the most severe trade imbalances. China will face a tax rate of 34%, the European Union will face a tax of 20%, Vietnam will face a tariff of 46%, and Taiwan will also have a levy of 34%. Goods from Canada and Mexico that comply with USMCA regulations are not affected by the latest round of tariffs.

The country with the largest share of exports to the United States has been planning to take retaliatory measures. According to informed sources, the European Union is drafting a basket of emergency measures to support the economic sectors that may be hit the hardest. Canadian Prime Minister Mark Carney stated that he is ready to impose additional retaliatory tariffs.

The comprehensive trade war is about to break out, and Treasury Secretary Scott Bessent ( urged U.S. trading partners not to take retaliatory measures. Bessent stated, "Unless retaliated against, this number is already at its highest level." He also urged everyone to come negotiate with the United States.

Due to the shattered hopes for a more lenient tariff plan, U.S. stock index futures plummeted after hours, with the S&P 500 index futures falling over 3.5% and the Nasdaq 100 index futures contracts dropping 4.5%.

Cryptocurrency is experiencing a big dump across the board, BTC 82K

The top ten cryptocurrencies by market cap are all falling. Bitcoin plummeted from last night's high of 88,500 to 82 K. Ether fell again below 1,800 dollars from 1,957.

BNB falls below 600 USD, Solana's 24-hour decline exceeds 7%.

Source: CoinGecko FDUSD significantly decoupled from liabilities? Binance quickly clarifies

Last night, Sun Yuchen posted that First Digital Trust is insolvent, and FDUSD has significantly decoupled to 0.88. Binance quickly issued a statement this morning, presenting its verification report from February, confirming that FDUSD can be redeemed at a 1:1 ratio with the US dollar. Regarding the upcoming March verification report, Binance will also conduct an in-depth review of FDUSD's reserves, and the March verification report is expected to be released in the next two weeks.

Before the deadline, the FDUSD price returned to above 0.98.

) Why did FDUSD suddenly reveal its reasons? TUSD's nearly 500 million reserves are "stuck", leading to a cash emergency, and Sun Yuchen is urgently stepping in amidst heavy doubt (

This article discusses Trump’s radical tariffs, Bitcoin plummeting to 82K, and Sun Yuchen revealing that FDUSD is insolvent. It first appeared in Chain News ABMedia.