Meta storms the prediction markets, Democrats demand hearings on Trump's deal, and CEA Industries and YZi Labs resolve corporate conflict — crypto market digest for June 24
Key events of the morning of June 24: Meta launches its own prediction markets app, Democratic senators push for an investigation into the World Liberty Financial deal, and the months-long corporate dispute between CEA Industries and YZi Labs is finally resolved.
Market: sideways movement of leaders
Bitcoin (BTC) started the day in a sideways trend. As of 07:49 Moscow time, the asset is trading around $62,688 (4,669,433 rubles), with a 24-hour low of $61,893 and a high of $63,652. Ethereum (ETH) is also consolidating at $1,667 (124,169 rubles).
In the top 10 by market cap over the past day, only Tron (+3.75% over the week) and the stablecoin USDC showed growth. The remaining assets are declining. Hyperliquid shows the worst performance: -7.87% for the day and -18.04% for the week. In the top 100, the 24-hour growth leader is Audiera (+33.81%), and the weekly leader is DeXe (+28.02%). The largest losses are recorded for Worldcoin: -14.41% for the day and -24.28% over seven days.
Meta enters the prediction market
Mark Zuckerberg has tasked his team with developing a prediction markets app called Arena. The key feature is that bets will be placed not with real money, but with in-game points. The app will operate independently of Facebook and Instagram, which are blocked in Russia.
The project is described as experimental but a priority for the company. Meta's audience is 3.56 billion daily users — a colossal advantage over players like Kalshi and Polymarket.
CEA Industries and YZi Labs: a truce
CEA Industries, which holds a crypto reserve in BNB, has reached an agreement with its largest shareholder, YZi Labs. Joining the CEA board of directors will be YZi Labs head Ella Zhang, investment partner Alex Odagiu, and Bloq co-founder Matthew Roszak. Odagiu will also serve as interim president of the company while a new CEO is being sought. YZi, in turn, will cease its fight for control of the board.
The conflict began in late 2025 when YZi attempted to seize control, accusing CEA of ineffective management. Following the news, CEA shares rose by 8.35%, though they have lost nearly 65% since the beginning of the year.
Democratic senators demand hearings on Trump's deal
A group of Democratic senators has called on the Republican Senate leadership to hold hearings on the $500 million deal between the Trump family's crypto project World Liberty Financial and an investment company from Abu Dhabi. According to WSJ, a structure linked to the UAE's national security advisor acquired 49% of World Liberty Financial in January 2025. Later, the Trump administration concluded a major arms and chip supply deal with the UAE.
The Democrats demand that administration officials testify under oath about the possible influence of the investment on the president's decisions. Trump stated he was unaware of the deal.
My comment: Meta's entry into the prediction market is potentially a tectonic shift. If Arena gains widespread adoption, it could legitimize the segment and attract billions of users, completely changing the industry landscape. However, regulatory risks and the absence of cash bets may limit its appeal to hardcore traders.