The crypto market is in a sideways trend: BTC in the $62,000 zone, Meta launches Arena, and World Liberty Financial is under senators' scrutiny.
The digital asset market greeted the morning of June 24 without pronounced dynamics, concentrating in a narrow price corridor. Bitcoin (BTC) is fluctuating near the $62,688 mark, demonstrating minimal volatility. Over the past 24 hours, the first cryptocurrency's trading range has been from $61,893 to $63,652 — a classic consolidation before a potential impulse.
Ether (ETH) also shows no signs of a breakout, trading around $1,667. In the top 10 by market capitalization, the situation is mixed: most coins are correcting, but Tron and USDC are showing slight weekly growth. Hyperliquid is experiencing the greatest selling pressure, losing 7.87% in a day and 18.04% over the week. Among the top 100, Audiera stands out with a daily gain of 33.81%, while Worldcoin continues its deep correction, falling 14.41% in a day and 24.28% over seven days.
Meta enters the prediction market with the Arena app
The key news of the morning was Mark Zuckerberg's directive to develop a prediction market app called Arena. Unlike Polymarket or Kalshi, bets here will be placed not with real money but with in-game points. Given that Meta's app audience is 3.56 billion daily users, this project could radically change the landscape of the prediction industry. The app will operate independently of Facebook and Instagram, which is strategically important for global reach.
CEA Industries and YZi Labs resolve corporate conflict
The months-long battle for control of the board of directors of CEA Industries, which holds a crypto reserve in BNB, has finally ended. YZi Labs and CEA signed an agreement under which three YZi representatives join the board, including company head Ella Zhang. The parties are ending legal disputes. CEA shares reacted with a rise of 8.35%, but they have lost nearly 65% since the beginning of the year — the market is not yet rushing to assess this "peace" as fundamentally positive.
Democratic senators demand investigation into World Liberty Financial deal
A new round of political pressure on the Trump family crypto project. A group of Democratic senators is calling for hearings on the $500 million deal between World Liberty Financial and an Abu Dhabi-based investment company linked to the UAE's national security advisor. According to WSJ, the entity acquired 49% of the project back in January 2025. Later, the Trump administration concluded a major arms and chip supply deal with the UAE, raising questions about a potential conflict of interest. Trump himself stated he was unaware of the deal.
My expert view: Bitcoin's consolidation near $62,000 amid mixed macro and political signals indicates the market is awaiting a clearer trigger. Meta's entry into the prediction segment is a potential catalyst for the entire industry, but regulatory uncertainty and political risks surrounding World Liberty Financial could increase pressure on altcoins in the short term. Investors should remain cautious.