Japanese markets have been on a tear this week after reports showed government officials were set to begin a new round of U.S. trade talks later this month.
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Bitcoin currently relies on algorithms, including SHA-256 for mining and the Elliptic Curve Digital Signature Algorithm (ECDSA) for signatures.
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The launch of these funds could be significant in the approval of a spot Solana ETF, which would hold the token directly. The SEC has stated in the past that in order to approve a spot product, they would like to see an established futures market for the asset.
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