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📈 Global Gold Price Update: What's Driving the Surge? 🌍✨
Gold continues to shine as a global safe haven, with prices seeing notable movement across major markets.
🔹 Current Global Averages (as of [Insert Date]):
🇺🇸 USA (USD/oz): $1,920
🇬🇧 UK (GBP/oz): £1,580
🇮🇳 India (INR/10g): ₹58,000
🇨🇳 China (CNY/g): ¥480
🇦🇺 Australia (AUD/oz): $2,950
💡 Key Drivers: ✅ Inflation concerns in major economies ✅ Geopolitical tensions boosting safe-haven demand ✅ Central bank gold purchases at record highs ✅ Weaker USD boosting non-dollar gold prices
🚀 Investor Insight: With traditional markets facing uncertainty, gold remains a favored asset for diversification and stability.
📊 On Binance: Explore Gold-backed tokens or Precious Metal trading pairs to get in on the action — 24/7, borderless, and secure.
"Tether has indeed minted 1 billion USDT on Ethereum. This was reported by Whale Alert and covered by various crypto news outlets like MEXC and ChainCatcher on September 12, 2025.
Implications of the USDT Mint - Potential Buying Power: This mint could add buying power to crypto markets if the USDT flows into exchanges or trading desks. - Market Liquidity: Newly minted USDT can enhance liquidity in the crypto market, making trading more efficient. - Deployment of Funds: The impact of this mint depends on how Tether's treasury deploys the tokens - whether for spot purchases, OTC settlements, or arbitrage.
Context on Tether and USDT - Tether's Role: USDT is a stablecoin designed to maintain a value pegged to the US dollar$, providing a stable asset for crypto traders. - Minting Response to Demand: Tether mints new USDT in response to market demand, typically from large institutional players or exchanges.
📅 The FOMC meeting is coming up on September 17, and all eyes are on the Fed’s decision about interest rates.
But why does it matter? 🔺 High rates = harder to borrow money = less liquidity 🔻 Low rates = easier to borrow money = more liquidity
When the Federal Reserve adjusts interest rates, it has a direct impact on financial markets and crypto assets. In a high-rate environment, risk assets like crypto can feel the squeeze as investors seek safer, more stable investments. On the other hand, lower rates could boost liquidity and make riskier investments like Bitcoin and altcoins more appealing.