Morning crypto market overview: June 24 — Bitcoin in a sideways trend, Meta eyes the prediction market, and Trump's assets under senators' scrutiny
The market enters Tuesday without a clear trend, but the news background is rich with events that could influence medium-term trends. Bitcoin is consolidating, Meta is preparing to enter the predictive platforms market, and Senate Democrats are demanding an investigation into the Trump family's deal with an investment company from the UAE. We break down the key events of the morning of June 24.
Market Dynamics: Bitcoin and Ethereum in Wait-and-See Mode
As of 07:49 Moscow time, the leading cryptocurrency is moving sideways, trading near the $62,688 mark. Over the past 24 hours, the trading range has been between $61,893 and $63,652, indicating a lack of clear direction for the market. Ethereum (ETH) is also in a consolidation phase, holding around $1,667 (approximately ₽124,169).
Among the top 10 coins by market cap, there is mixed momentum: over the week, only Tron (+3.75%) and the stablecoin USDC have shown growth. The remaining assets, including the leaders, are declining. The largest losses over the day (-7.87%) and week (-18.04%) are recorded by Hyperliquid. In the top 100, the most impressive daily gain is from Audiera (+33.81%), and the weekly gain is from DeXe (+28.02%). On the other hand, Worldcoin continues to suffer significant losses, dropping 14.41% in a day and 24.28% over seven days.
Meta Launches Prediction App Arena
Mark Zuckerberg has tasked the development team with creating a prediction markets app called Arena. The key feature of the project: bets will be placed not with real money, but with in-game points. This allows the company to bypass the regulatory restrictions that exist for traditional platforms like Kalshi and Polymarket. Meanwhile, Meta's audience is 3.56 billion daily active users, giving the project a massive competitive advantage. Although the project is positioned as experimental, its priority for the company is clear.
Corporate Conflict at CEA Industries Resolved
CEA Industries, a company holding a crypto reserve in BNB, has reached an agreement with its largest shareholder, YZi Labs. 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. Alex Odagiu will also temporarily serve as the company's president until a new CEO is appointed. The conflict, which began in late 2025 with YZi Labs' attempt to seize control of the board, has been resolved. On the news, CEA shares rose by 8.35%, although they have lost nearly 65% of their value since the beginning of the year.
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's crypto project World Liberty Financial and an investment company from Abu Dhabi. According to journalistic investigations, an entity linked to the UAE's national security advisor acquired 49% of World Liberty Financial in January 2025. Later, the Trump administration signed a major arms and AI chip supply deal with the UAE. Democrats are demanding that administration officials testify under oath about the possible influence of the investment on the president's decisions. Trump himself stated he was unaware of the deal.
My analysis: The market is clearly waiting for a catalyst to move. The news of Meta entering the prediction market is a potential growth driver for the entire segment of predictive platforms, but for now, it's just an intention. However, the political background surrounding the Trump family could create additional pressure on projects associated with his name and increase overall uncertainty ahead of the elections.