The crypto market at a crossroads: BTC stuck in a sideways trend, Meta prepares to storm the prediction market, and senators attack Trump's crypto empire
The morning of June 24 brought no drastic changes to the digital asset market. The leading cryptocurrency is showing sideways movement, trading near the $62,688 mark. Over the past 24 hours, BTC's trading range has been between $61,893 and $63,652, indicating a temporary lull before a potential breakout.
The second-largest cryptocurrency by market cap, Ethereum, is also showing little activity, holding around $1,667. Among the top 10 assets, only Tron stands out, gaining 3.75% over the week, along with the stablecoin USDC. The other coins in the top ten are showing declines both daily and weekly. Hyperliquid holders are experiencing the biggest losses: the asset lost 7.87% in a day and 18.04% over the week. In the top 100, the daily growth leader is Audiera (+33.81%), while the weekly leader is DeXe (+28.02%). The biggest loser with a significant drop both over 24 hours (-14.41%) and over 7 days (-24.28%) is Worldcoin.
Events Shaping the Agenda
Meta enters the prediction market. Mark Zuckerberg has launched the development of its own prediction market app called Arena. The key difference from competitors like Polymarket and Kalshi is that bets on Arena will be placed not with real money, but with internal points. Given that Meta's app audience is 3.56 billion daily users, even an experimental launch could radically change the landscape of this segment. This is a serious bid for leadership, highlighting the growing interest of big capital in decentralized financial instruments.
Corporate conflict resolved. CEA Industries, which holds a crypto reserve in BNB, has reached a settlement with its largest shareholder, YZi Labs. The board of directors will include YZi Labs head Ella Zhang, investment partner Alex Odagiu, and Bloq co-founder Matthew Roszak. Odagiu will also temporarily serve as the company's president until a new CEO is appointed. The dispute had been ongoing since late 2025 and concerned ineffective management. The news had a positive impact on CEA shares (+8.35%), although the stock has lost nearly 65% since the beginning of the year.
Democratic senators demand investigation into Trump deal. A group of senators has called on Republican 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 journalistic investigations, a structure linked to the UAE's national security advisor acquired 49% of World Liberty Financial in January 2025. Later, the Trump administration signed major contracts with the UAE for the supply of weapons and AI chips. Democrats are insisting on sworn testimony about the possible influence of the investments on the president's decisions. Trump himself stated he was unaware of the deal.
My analysis: The market is in a consolidation phase, awaiting triggers. News of Meta's entry into the prediction sector signals the industry's maturity, but regulatory pressure on politically sensitive projects like WLFI creates additional uncertainty. In the short term, BTC will likely continue to consolidate in the $61,000–$64,000 range before choosing a direction.