Morning Crypto Market Overview on June 24: Meta Enters the Prediction Market, Senators Question Trump, and CEA Industries Reconciles with YZi Labs
The morning of June 24 brought a series of landmark events that are shaping the new landscape of digital assets. While the market shows sideways movement, key players are laying the foundation for future changes. Let's break down the most important news.
Market in consolidation: BTC and ETH unchanged
Bitcoin (BTC) started the day in a consolidation phase. As of 07:49 (MSK), the first cryptocurrency is trading at $62,688 (~₽4,669,433). Over the past 24 hours, the low was $61,893 and the high was $63,652. Ethereum (ETH) is also showing sideways movement, holding at $1,667 (~₽124,169).
In the top 10 by market cap, almost all coins, except for Tron, which rose 3.75% over the week, and the stablecoin USDC, are showing declines both daily and over seven days. The largest losses for the day (-7.87%) and week (-18.04%) were recorded by Hyperliquid. In the top 100, the growth leaders were Audiera (+33.81% daily) and DeXe (+28.02% weekly), while Worldcoin continues to suffer the most significant losses: -14.41% over 24 hours and -24.28% over seven days.
Meta launches prediction app Arena
Meta CEO Mark Zuckerberg has tasked a development team with creating a prediction markets app called Arena. The key feature is that bets will be placed not in money, but in points. The app will operate independently of Facebook and Instagram, opening access to an audience of 3.56 billion daily users. This is a direct challenge to platforms like Kalshi and Polymarket. Meta's experimental but priority project could radically change the balance of power in the decentralized prediction segment.
CEA Industries and YZi Labs resolve corporate conflict
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 it searches for a new CEO. The conflict, which began in late 2025 with YZi Labs' attempt to seize control of the board, ended with a settlement. CEA shares rose 8.35% on the news, but they have lost nearly 65% since the start of the year.
Democratic senators demand investigation into World Liberty Financial 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 crypto project World Liberty Financial and an investment company from Abu Dhabi. According to the WSJ, a structure 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 stated he was not aware of the deal.
My analysis: The consolidation of BTC and ETH at current levels is a breather before an important move. Meta's entry into the prediction market is not just an experiment, but a signal of the maturity of the crypto ecosystem, which is attracting the attention of the largest technology corporations. Questions about the Trump deal, on the contrary, highlight the ongoing regulatory risks that could put pressure on the market in the medium term.