#Sony’s Blockchain Launch Met with Opposition#

Sony launched the mainnet of its Ethereum Layer-2 Soneium on Tuesday, aiming to serve content creators and their communities, but it has faced strong opposition from those associated with memecoins. The move has sparked controversy, with some arguing that Sony’s blockchain project lacks innovation and expressing concerns about its potential negative impact on the existing memecoin market. Meanwhile, Bitcoin analysts are reconsidering their inauguration strategy as Trump’s campaign promises of cryptocurrency support have raised expectations, while the reality is that the political machinery in Washington typically moves at a slow pace. As the inauguration nears, the appeal of selling the news has diminished. A trend of corporate Bitcoin holdings is emerging, with companies like MicroStrategy buying Bitcoin being an "overlooked megatrend," and the number of corporate holders is "poised to explode" as reputational risk declines and new FASB accounting rules come into effect.