#Sony's Blockchain Launch Faces Opposition#
Hot Topic Overview
Overview
Sony's recently launched blockchain subsidiary Soneium mainnet, aimed at serving content creators and their communities, has been met with fierce opposition from memecoins. Previously, Bitcoin analysts were inclined to dump Bitcoin at the Trump inauguration, as Trump's support for cryptocurrencies fueled higher expectations, but as the inauguration neared, the appeal of the sell-off news had waned. On the other hand, a trend of corporate Bitcoin holding is emerging, with companies like MicroStrategy buying Bitcoin as a "neglected mega-trend," and the number of corporate holders is set to "explode" as reputational risk declines and new FASB accounting rules emerge.
Ace Hot Topic Analysis
Analysis
Sony launched the mainnet of its Ethereum layer-2 Soneium on Tuesday, aiming to serve content creators and their communities, but it has been met with strong opposition from memecoin-related circles. This opposition may stem from skepticism about the actual application and value of Sony's blockchain, as well as the memecoin community's resistance to emerging technologies. Furthermore, Bitcoin analysts are re-evaluating strategies around the inauguration, as Trump's pro-crypto campaign promises fueled higher expectations, while the reality is that the political machine in Washington moves slowly. As the inauguration nears, the allure of selling news has diminished. On the other hand, the trend of corporate Bitcoin ownership is gaining momentum. Companies like MicroStrategy purchasing Bitcoin is a "neglected megatrend", and as reputational risk declines and new FASB accounting rules are implemented, the number of corporate holders is "about to explode".