Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

A16z withdraws $43M in Ethereum from Binance amid rising institutional self-custody trend

Market News
23 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Andreessen Horowitz's crypto arm withdrew 25,560 ETH worth $43 million from Binance, continuing a trend of institutional investors moving assets off centralized exchanges for self-custody. This shift is driven by risk management concerns following the 2022 FTX collapse, as institutions prefer controlling private keys to avoid exchange failures or hacks. The move reduces Ethereum liquidity on exchanges, potentially increasing price volatility. This trend reflects growing caution among large crypto investors about centralized exchange risks.

More News

Zealthy expands insurance support for GLP-1 weight-loss drugs to ease patient access and coverage.

Zealthy expands insurance support for GLP-1 weight-loss drugs to ease patient access and coverage.

Zealthy has broadened its insurance coordination program to assist patients prescribed GLP-1 weight-loss medications like Wegovy and Ozempic. The expanded service helps with insurance verification, prior authorizations, and coverage communications, a...

Others
Neutral
4 hours ago
Risk assets rise on Fed rate cut hopes; QuantRate launches free AI trading bot for retail investors.

Risk assets rise on Fed rate cut hopes; QuantRate launches free AI trading bot for retail investors.

Markets are rallying as investors anticipate potential Federal Reserve rate cuts later in 2026, boosting equities, cryptocurrencies, and other risk assets. QuantRate has introduced a free AI-powered quant trading bot to help retail investors access a...

Market News
Bullish
4 hours ago
SharpLink earns 509 ETH in a week, now holds 876K ETH, becoming 2nd largest corporate Ethereum holder.

SharpLink earns 509 ETH in a week, now holds 876K ETH, becoming 2nd largest corporate Ethereum holder.

SharpLink, a Nasdaq-listed company, earned 509 ETH from staking rewards in the week ending June 22, 2026, bringing its total Ethereum holdings to 876,285 ETH worth over $3 billion. Since launching its Ethereum treasury strategy in June 2025, SharpLin...

Protocol Fundamentals
Bullish
4 hours ago
XRP withdrawals on Binance hit highest level since June 2024 amid price pressure and exchange shifts.

XRP withdrawals on Binance hit highest level since June 2024 amid price pressure and exchange shifts.

XRP withdrawal transactions on Binance have exceeded deposits for seven consecutive days, reaching the highest withdrawal share since June 2024 at 53.8%. This shift comes as XRP trades near recent lows around $1.10, signaling a change in exchange beh...

Market News
Bearish
4 hours ago
Flipkart builds 1,000 micro-fulfillment centers to boost quick commerce in India, aiming for 1,500 by 2026.

Flipkart builds 1,000 micro-fulfillment centers to boost quick commerce in India, aiming for 1,500 by 2026.

Flipkart has established a network of 1,000 micro-fulfillment centers across India less than two years after launching its Minutes quick-commerce service, with plans to expand to 1,500 centers by the end of 2026. These small warehouses enable deliver...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App