The Daily: Sony’s blockchain launch faces memecoin backlash, bitcoin analysts rethink Trump inauguration strategy and more
2025-01-15
Category: None

Happy turnaround Tuesday! While crypto participants continue to debate whether the bull market still has room to run or it's all over, grab your favorite brew and take five minutes to catch up on the latest. 
In today's newsletter, Sony's blockchain launches on mainnet but faces a memecoin-related backlash, Donald Trump's inauguration may not be a "sell-the-news" event after all, corporate bitcoin acquisitions are an "overlooked megatrend" and more.
Let's get started.
Sony's blockchain launch faces memecoin backlash
Sony's blockchain subsidiary launched the mainnet of its Ethereum Layer 2, Soneium, on Tuesday, targeting content creators and their communities.
Trump's inauguration may not be sell-the-news after all
While bitcoin's price initially surged to all-time highs after Donald Trump's election victory, it subsequently fell nearly 18% from a mid-December peak as macro headwinds weighed heavy on global markets.
Corporate bitcoin acquisitions are an 'overlooked megatrend'
Bitwise CIO Matt Hougan said companies like MicroStrategy buying bitcoin are an "overlooked megatrend," with the number of corporate holders "poised to explode" amid reduced reputational risk and new FASB accounting rules.
Italy's largest bank Intesa buys bitcoin
Italy's largest bank, Intesa Sanpaolo, has made its first bitcoin purchase, acquiring 11 BTC as of Jan. 13, worth just over $1 million, Reuters and local media outlets reported, citing an internal memo.
Bank of England to launch 'Digital Pound Lab'
The Bank of England is launching a "Digital Pound Lab" in 2025 to test central bank digital currency innovations in a sandbox environment.
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Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.
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