Meta storms the prediction market, senators take on Trump's crypto project, and CEA Industries and YZi Labs reach a settlement: key events in the crypto market on June 24
The digital asset market meets June 24 with mixed sentiment. While Bitcoin and Ethereum show sideways movement, several significant events are unfolding in the industry, ranging from corporate reconciliation to political investigations and the expansion of a tech giant.
Market Dynamics: BTC and ETH in a Sideways Trend, Hyperliquid and Worldcoin Under Pressure
As of 07:49 Moscow time, Bitcoin (BTC) is trading around $62,688, equivalent to approximately 4,669,433 rubles per coin. Over the past 24 hours, the asset has fluctuated in the range of $61,893 – $63,652, displaying a typical sideways trend. The second-largest cryptocurrency by market cap, Ethereum (ETH), also shows no pronounced dynamics, holding near $1,667.
Among the top 10 coins by market capitalization, mixed dynamics are observed. Tron (+3.75%) and the stablecoin USDC showed notable growth over the week. However, Hyperliquid became the leader in losses both for the day (-7.87%) and the week (-18.04%). In the broader list of the top 100 assets, Audiera posted the best daily result (+33.81%), while DeXe led for the week (+28.02%). The biggest losses among the top 100 were suffered by Worldcoin holders, losing 14.41% in 24 hours and 24.28% over seven days.
Corporate News: CEA Industries and YZi Labs End Conflict
Crypto reserve company CEA Industries, which holds reserves in BNB, has reached an agreement with its largest shareholder, YZi Labs. This move ended a months-long corporate dispute that began in late 2025. As part of the deal, CEA's board of directors will include 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 sought. In exchange, YZi Labs abandons its fight for control of the board. Following the news, CEA shares surged 8.35%, although their value has fallen nearly 65% since the start of the year.
Meta Launches Prediction Markets App Arena
Meta CEO Mark Zuckerberg has tasked a team with developing a prediction markets app called Arena. A key feature of the project is that bets will be placed not with real money, but with special points. This could pose a serious challenge to platforms like Kalshi and Polymarket. Given that Meta's daily app audience is 3.56 billion users, the potential for scaling Arena is enormous. The project is positioned as experimental but a priority for the company.
Politics and Cryptocurrencies: Senators Demand Investigation into Trump 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 available data, an entity linked to the UAE's national security advisor acquired 49% of World Liberty Financial in January 2025. Democrats are demanding that administration officials testify under oath about the possible influence of this investment on the president's decisions. Trump himself stated he was unaware of the deal.
My comment: The market is currently in a consolidation phase, and key movements will be determined not so much by intraday fluctuations as by fundamental factors—regulatory initiatives and actions by major players. Meta's entry into the prediction markets segment could act as a catalyst for the entire sector, but political pressure on the Trump project adds an additional layer of uncertainty that investors should consider.