#Sony’s blockchain initiative faces hurdles#
Hot Topic Overview
Overview
Sony's Ethereum Layer-2 mainnet, Soneium, launched on Tuesday with the aim of serving content creators and their communities, but has been met with strong opposition from memecoins. Previously, analysts were leaning toward dumping Bitcoin at the inauguration, as Trump's campaign promises supporting cryptocurrencies created higher expectations, but reality has not matched the pace of the political machine in Washington. As the inauguration approached, the allure of dump news has faded. The trend of companies holding Bitcoin is rising, and as reputational risk decreases and new FASB accounting rules are implemented, the number of corporate holders will "soon explode."
Ace Hot Topic Analysis
Analysis
Sony's blockchain subsidiary recently launched the mainnet of Ethereum Layer 2 Soneium, aiming to serve content creators and their communities. However, the project has faced strong opposition from memecoins. Analysts believe this could be due to the popularity of memecoins leading to a lack of interest in Sony's blockchain project. In addition, Bitcoin analysts have also reconsidered their strategy for the inauguration, as Trump's pro-crypto campaign promises raised higher expectations, while Washington's typically slow-paced political machine brought reality. As the inauguration approaches, the appeal of selling news has diminished. On the other hand, the trend of companies holding Bitcoin is on the rise, with companies like MicroStrategy buying Bitcoin being an "overlooked megatrend," and with reputational risk declining and new FASB accounting rules coming into play, the number of corporate holders is "about to explode."
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Sony's blockchain subsidiary Soneium mainnet launch faces memecoin backlash
Bitcoin analysts reconsider Trump inauguration strategy
Corporate bitcoin holdings are a 'neglected megatrend'
The number of corporate holders is 'about to explode' as reputational risks decline and new FASB accounting rules come into play
Trump's campaign promises of crypto support have raised higher expectations, while the usually slow-moving Washington political machine has brought reality