Meta enters the prediction market, senators attack Trump's crypto company, CEA and YZi reconcile: crypto market digest June 24
The morning of June 24 brought mixed signals to the market: flagship assets are showing sideways movement, while corporate and political news are setting a new vector for discussions. Let's break down the key events shaping the current picture.
Market Dynamics: Bitcoin and Ether in a Zone of Uncertainty
Bitcoin (BTC) started the day with minimal volatility. As of 07:49 Moscow time, the asset is trading near the $62,688 mark (approximately 4,669,433 rubles at the current exchange rate). Over the past 24 hours, the trading range has been from $61,893 to $63,652 — this indicates consolidation before a possible impulse. Ethereum (ETH) is also showing a sideways trend, holding around $1,667 (roughly 124,169 rubles).
Among the top 10 by market cap, only Tron stands out, gaining 3.75% over the week, and the stablecoin USDC, which remains stable. The other coins in the top ten are showing negative dynamics both daily and over seven days. The absolute outsider is Hyperliquid, which lost 7.87% in a day and 18.04% over the week.
In the top 100, the best daily result is from Audiera (+33.81%), and the best weekly result is from DeXe (+28.02%). The worst dynamics are shown by Worldcoin, which fell by 14.41% in 24 hours and 24.28% over the week.
Corporate News: Reconciliation of CEA Industries and YZi Labs
After a multi-month corporate conflict, CEA Industries, which holds a crypto reserve in BNB, has reached an agreement with its largest shareholder, YZi Labs. As part of the deal, YZi Labs head Ella Zhang, investment partner Alex Odagiu, and Bloq co-founder Matthew Roszak will join the CEA board of directors. Odagiu will also serve as interim president of the company while a new CEO is being sought. YZi, in turn, will cease its fight for control of the board. On the news, CEA shares rose by 8.35%, but they have lost nearly 65% since the start of the year.
Meta Launches a Prediction Betting App
Mark Zuckerberg has tasked a team with developing the Arena app — a platform for prediction markets that could compete with Kalshi and Polymarket. A key feature: bets will be placed not with money, but with points. The app will operate independently of Facebook and Instagram, which are blocked in Russia. Given that Meta's daily audience is 3.56 billion users, the project has enormous reach potential.
Political Scandal: Senators Demand Investigation into Trump's 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 the WSJ, a structure 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 the supply of weapons and AI chips, despite concerns about possible Chinese access to these technologies. Democrats are demanding sworn testimony from officials about the possible influence of the investment on the president's decisions. Trump stated that he was not aware of the deal.
My comment: The market continues to digest macroeconomic uncertainty, and so far we are only seeing local spikes on corporate and political news. Meta's entry into the prediction segment is a signal of the niche's legitimization, but for the crypto market, this is still more of a distraction. The main focus is on Bitcoin: the $61,000–$63,000 zone remains key for determining the near-term trend.