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1. Trump’s New Round of Comprehensive Reciprocal Tariffs and Plans to Appoint a16z Crypto Policy Director as CFTC Chair 1.1 Trump’s New Round of Comprehensive Reciprocal Tariffs link Donald Trump announced on Thursday a new round of comprehensive reciprocal tariffs to match the higher tariffs imposed by other countries on US imports. These tariffs are likely to hit developing countries the hardest, especially India, Brazil, Vietnam and other Southeast Asian and African countries, because the tariff rates these countries impose on US imports differ the most from those imposed by the United States. For example, World Bank data shows that in 2022, the average US tariff rate on Indian imports was 3%, while India’s average tariff rate on US imports was 9.5%. 1.2 Trump Plans to Appoint Brian Quintenz, a16z Crypto Policy Director, as CFTC Chair link According to Fox Business journalist Eleanor Terrett, citing three people familiar with the matter, Trump has selected Brian Quintenz, the policy...

The chief investment officer of Morgan Creek Capital is revealing his top five altcoins picks heading into the new year. In a new interview on the Altcoin Daily YouTube channel, Mark Yusko names his top token picks, including prominent smart contract platforms Solana (SOL) and Cardano (ADA). Other digital assets on the executive’s list include XRP, the digital asset associated with Ripple Labs, meme asset Dogecoin (DOGE) and layer-1 blockchain Hedera (HBAR). “I’ve become pretty partial to Solana, I got to say it. I mean, the guys have done a good job convincing me and you know, thankfully we didn’t sell our last bag and it’s gone from $13 to $240 or whatever so it’s pretty good.” Yusko goes on to say that if he had “money to lose,” he’d bet on ADA, XRP, and HBAR as some firms in the traditional finance (TradFi) world may eventually adopt the crypto assets to not get left behind. “If I had money th...