#Sony's Blockchain Launch Faces Opposition#

Sony's blockchain subsidiary recently launched the mainnet for its Ethereum Layer-2, Soneium, aimed at serving content creators and their communities, but the move has been met with strong opposition from memecoins. Some analysts believe that Sony's blockchain launch is facing resistance from memecoins, which may be related to the lack of innovation in Sony's blockchain technology and the popularity of memecoins. Additionally, analysts are rethinking Trump's inauguration strategy, as Trump's pro-crypto campaign promises sparked higher expectations, while the typically slow-paced political machine in Washington brought reality into play. With the inauguration approaching, the allure of selling the news has diminished. On the other hand, there is a growing trend of corporations holding Bitcoin, with companies like MicroStrategy purchasing Bitcoin being an "overlooked megatrend." As reputational risk decreases and new FASB accounting rules are implemented, the number of corporate holders is "about to explode."