Meta storms the prediction market, senators attack Trump's crypto empire, and CEA Industries reconciles with YZi Labs — a crypto market digest for June 24
The market enters the new week with cautious sideways movement, but the intrigue is unfolding not only on the charts. Meta is preparing its own app for prediction markets, Senate Democrats in the US are demanding an investigation into the World Liberty Financial deal, and the corporate conflict surrounding CEA Industries has finally been resolved. We break down the key events of the morning of June 24.
Bitcoin and Ethereum: Consolidation Without Momentum
Bitcoin (BTC) started the day moving sideways. As of 07:49 Moscow time, the asset is trading at $62,688, with a daily low of $61,893 and a high of $63,652. Ethereum (ETH) shows similar dynamics, holding around the $1,667 mark. The market is clearly waiting — neither buyers nor sellers are ready to take the initiative in the absence of a powerful catalyst.
In the top 10 by market cap, only Tron (+3.75% over the week) and the stablecoin USDC show positive dynamics. The remaining coins are in the red. The absolute outsider is Hyperliquid, losing 7.87% in a day and 18.04% over the week. In the top 100, the 24-hour growth leader is Audiera (+33.81%), and the weekly leader is DeXe (+28.02%). The worst result both for the day (-14.41%) and the week (-24.28%) is demonstrated by Worldcoin.
Meta Launches Arena — A Challenge to Polymarket and Kalshi
Mark Zuckerberg has given the order to develop a prediction markets app called Arena. The key feature: 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. With an audience of 3.56 billion daily users, Meta has enormous scaling potential, which could radically change the balance of power in this market.
Senate Democrats Demand Hearings on Trump Family Deal
A group of Senate Democrats 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. Earlier, the WSJ reported that an entity linked to the UAE's national security advisor acquired 49% of World Liberty Financial in January 2025. Later, the Trump administration concluded a major deal with the UAE for arms and AI chip supplies.
Democrats are demanding sworn testimony from administration officials regarding the possible influence of the investment on the president's decisions. Trump himself stated he was unaware of the deal.
CEA Industries and YZi Labs: A Truce After a Multi-Month War
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 Labs is ending its fight for control of the board. The dispute began in late 2025 when YZi attempted a takeover, accusing CEA of ineffective management. CEA shares rose 8.35% on the news but have lost nearly 65% since the beginning of the year.
My comment: The morning of June 24 is a classic example of how macroeconomic uncertainty and political risks continue to weigh on the market. Bitcoin is stuck in a range, and a breakout requires either a powerful positive trigger (e.g., approval of an Ethereum ETF) or, conversely, sharp negative news. Meta's entry into the prediction markets segment is a potentially tectonic shift that could both legitimize the industry and create new regulatory risks. The story with Trump and World Liberty Financial is another reminder that the crypto industry is becoming increasingly intertwined with big politics, and this does not always benefit decentralization.