Two renowned tech entrepreneurs OpenAI CEO Sam Altman and Indian American businessman and Venture capitalist Vinod Khosla have revealed plans to offer loans to startups that are impacted by Silicon Valley Bank collapse.

Altman who leads the creator of the AI-powered chatbot, ChatGPT, currently the rave of the moment, disclosed that he is using a decent amount of his capital to provide support for affected firms. He noted that money will be freed up by next week and loans will be made available to help startups that need to make payroll as soon as possible.

In his words, “Today is a good day to offer emergency cash to startups that need it for payroll or whatever. No docs, no terms, just send money. It’s hard for me to imagine depositors actually losing money here, but so stressful in the meantime.”

On the other hand, visionary entrepreneur and founder of Khosla Ventures, Khosla Vinod took to his Twitter handle to disclose that his company is currently in talks with 100+ portfolio companies to step in and offer the needed financial assistance.

Given a rapidly evolving situation, we are talking to 100+ portfolio companies assessing their critical needs and plan to bridge where we are a lead or major investor at our cost of borrowing only or under special circumstances where a company’s investors are not able to respond

— Vinod Khosla (@vkhosla) March 12, 2023

He wrote,

“Given a rapidly evolving situation, we are talking to 100+ portfolio companies assessing their critical needs, and plan to bridge where we are a lead or major investor at our cost of borrowing only or under special circumstances where a company’s investors are not able to respond”.

Also, Khosla Ventures CMO Shernaz Daver disclosed via an email that the firm’s perspective is that using “LP Capital” in this situation is inappropriate and that the focus for VC firms should not be on making money. He however declined to reveal details on how much capital Khosla has given due to the fact that it’s an evolving situation.

It is also interesting to note that General Catalyst founder Hemant Taneja who had earlier called on founders on the need to diversify and not panic following SVB collapse, has swung into action to assist portfolio companies to make payroll with what he describes as very low-interest loans. Reports disclose that over 400+ global VC firms have come together to show support for SVB/its new incarnation, with more Venture capitalists making plans to offer support.

Such a remarkable gesture is coming after American entrepreneur and venture capitalist Mark Suster had urged more people in the VC community on the need to speak out publicly to quell the panic about Silicon Valley Bank. He stated that he believes the biggest risk to startups AND VCs (and to SVB) would be a mass panic which would further compound more problems for the bank.

Recall that the U.S government through its treasury secretary Janet Yellen on Sunday disclosed that the government would not bail out Silicon Valley Bank, rather it is more concerned about depositors and is focused on trying to meet their needs.

With the Orbeon Protocol (ORBN) presale close to selling out, Bitcoin (BTC) and Ethereum (ETH) are slowly gaining momentum. Since January, both projects have significantly increased in price, spiking a surge in trading volume throughout the crypto market.

Now, analysts predict that Ethereum (ETH) and Bitcoin (BTC) could hit their highest prices in 2023, while Orbeon Protocol (ORBN) continues to hit new all-time highs as phase 9 of its presale has seen a 1988% increase and the current token price stands at $0.0835.

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Can Ethereum (ETH) Reach $2,000 In March?

Ethereum (ETH) is the second largest cryptocurrency and the largest blockchain on the planet. Ethereum (ETH) has been used to develop hundreds of cryptocurrency projects, alongside 76% of the NFT market, with projects like CryptoPunks being built on the Ethereum (ETH) blockchain.

Since the start of 2023, Ethereum (ETH) has increased from $1196 to over $1,700. Following recent price declines, one Ether is now worth $1,424.32, though investors are extremely optimistic.

After huge price surges throughout February, many believe that March could be the month that Ethereum (ETH) breaks the $1800 price barrier. After which, many believe Ethereum (ETH) could hit $2k.

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Bitcoin (BTC) Price Predictions Remain Bullish Despite Price Decline

Bitcoin (BTC) is the largest cryptocurrency in the world. Widely considered “Digital Gold,” Bitcoin (BTC) isn’t used for everyday transactions like Ethereum (ETH). Many investors treat Bitcoin (BTC) like a commodity, storing it in digital or physical wallets for when the market crashes. Unfortunately, Bitcoin (BTC) has been somewhat monopolized, with many new investors being priced out from buying.

Nonetheless, Bitcoin (BTC) plays a crucial role in the cryptocurrency market. When Bitcoin (BTC) increases in price, the general cryptocurrency market will often follow, which means recent market trends are good news for the industry.

With Bitcoin (BTC) almost surpassing $25,000 on three occasions throughout February, Bitcoin (BTC) could break the price barrier over the next few weeks. This would ultimately spark an increase in trading volume for all cryptocurrencies and create excitement throughout the crypto space.

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Bitcoin (BTC) Updates Are Bullish News For Orbeon Protocol (ORBN)

Orbeon Protocol (ORBN) is a DeFi launchpad built on the Ethereum (ETH) blockchain. Using Orbeon Protocol (ORBN), startups can create and sell NFTs once they’ve passed a strict vetting process.

Each NFT they sell will represent a share in their business, working much like the traditional crowdfunding process. However, instead of relying on a single venture capitalist, startups can raise money from a wider pool of smaller DeFi investors.

Every NFT smart contract on Orbeon Protocol (ORBN) will have a “Fill or Kill” feature designed to protect investors. If an investor buys shares in a business that misses its funding targets, the NFT will be destroyed and investors will be refunded. This helps mitigate risk and maximize profits through Orbeon Protocol (ORBN).

Orbeon Protocol (ORBN) will also offer a metaverse, exchange, wallet and a swap for investors to explore. This will be powered by the Orbeon Protocol (ORBN) native ORBN token, which is currently selling for $0.0835 during stage nine of the Orbeon Protocol (ORBN) presale.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register

The global cryptocurrency market capitalization fell below the $1 trillion mark for the second time this year since the industry showed a recovery at the back of the FTX crash in November last year. The global market cap had dipped by 1.06% over the past 24 hours to remain at $997.28 billion as the industry is tackling a cloud of controversy surrounding US-based crypto-friendly bank Silvergate Capital and ongoing investigations on Binance USD (BUSD) and Kraken’s staking-as-a-service program.

The uncertainty across the industry has caused a majority of the cryptocurrencies to post a downward movement in their prices including top NFT tokens ApeCoin (APE) and Internet Computer (ICP). However, Dogetti (DETI), the latest token in the meme coin space, has been performing well in its Initial Coin Offer (ICO).

ApeCoin – Red Trading Registers New 30-Day Low

ApeCoin (APE) tumbled to $4.34 in the last 24 hours to post a new 30-day low. The 4.03% slide from the day earlier comes after a weekly high of $5.00 and a 30-day high of $6.13 as the bulls try to fight the heavy resistance by the bears.

At the time of writing, ApeCoin held a market capitalization of $1.6 billion with a circulating supply of 368 million while indicating a weekly downward movement of 11.29%.

Internet Computer – From February Peaks to March Lows

Internet Computer (ICP), ranked 37 by market capitalization, dipped overnight by 2.04% to post a 7-day low of $5.00 after trading at $5.94 earlier in the week. Internet Computer peaked in mid-February to trade at a 30-day high of $8.17 but has remained flat ever since.

At the time of writing, Internet Computer was trading at $5.12 while indicating a weekly downward trend of 13.47%.

Dogetti – Doge Loyalty Brings Stage 1 Success

Dogetti (DETI) is a revolutionary meme coin that is focused on generating long-term growth and development for its holders, rather than short-term gains or temporary trends. The project will be owned and controlled by its community, the ‘Dogetti Family” to foster Dogetti’s vision by building a stable and resilient ecosystem with real-world use cases.

Built on the Ethereum network, the doge-based meme token is currently in the presale stage and has raced past the first stage after raising its target of $500,000. Now in stage 2, Dogetti has raised $517,962 and will progress to the next stage after raising $4,000,000 worth of DETI tokens.

The price of a DETI token has risen by 300% from its presale launch price of $0.00007 to $0.00029 and will surge by 900% to $0.0007 in stage 5 when the currency goes live on the market. So, there is limited time to acquire DETI tokens at the current price for a better return as a longer wait will mean otherwise. Users can enhance their returns even further by using e the bonus code ‘WISEGUY25’ to receive an additional 25% DETI tokens when the meme token goes live on the market.

Find out more about Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

Despite Silvergate bringing chaos to the crypto market, digital assets are here to stay. Legal experts in the UAE support the Virtual Asset Regulatory Authority with the goal of giving structure to the UAE’s crypto market. This is good news for Dogetti (DETI), XRP (XRP), and UNUS SED LEO (LEO).

UAE Legal Experts Issue Analysis Report on Crypto Regulations

Lawyers in the UAE issued a report titled “Virtual Assets Regulatory Framework: An Evolving Landscape” where the MENA region was called the fastest-growing crypto market in the world.

In 2022, Chainanalysis’ report showed that MENA users received $566 billion in cryptocurrency from July 2021 to June 2022, which was a 48% increase compared to the $272 billion crypto value users acquired from the previous year.

In the previous years, a lot of positive regulatory developments for digital assets expanded, causing the UAE to firmly establish its stance of friendly jurisdiction on virtual assets.

Dogetti Presale Roars; Stage 2 Has Begun!

Dogetti is a dog-themed token that has made a name for itself in the crypto space. Although relatively new to the market, the token has been showing signs of success, especially in its presale.

The coin’s Presale Stage 1 has finally ended, ushering in the next phase. Currently, the project has sold 7 billion DETI tokens and has raised over $500,000.

Its mascot named Don Eloni—a dog donning a mafia suit and smoking cigars—is inviting investors to join the Dogetti family early in the game. Don Eloni plans to make a revolutionary meme coin that would climb the crypto ladder.

One of the biggest factors that contribute to its success is its tight-knit family that backs the project. The token will be fully owned and controlled by the community, with the goal of making every single family member generate wealth in the DeFi (decentralized finance) ecosystem while creating a sense of belonging in the community.

XRP Price Jumps Up, Leaves Other Altcoins in the Dust

While all the other altcoins dip, XRP’s price jumps up by 6.01 in the first week of March, decoupling itself from the effect of Bitcoin’s (BTC) price on the crypto market. It is clear that the digital asset is recovering over the past week.

Many XRP holders and supporters seem to be on a buying rampage at the beginning of the month, which might be caused by the lawsuit against Ripple Labs Inc.

The buying interest in XRP might also have increased due to its growing utility as a payment token in various jurisdictions. Ripple has been partnering with various companies and payment start-ups worldwide, which has made a positive impact on the token long-term.

UNUS SED LEO Climbs Up While Other Coins Go Down

Another coin that’s garnering the attention of crypto traders is UNUS SED LEO. On March 9th, the token’s price increased by 1.42% in the past seven days.

Despite the market’s downtrend, LEO’s price is still 317.77% higher than its three-year ATL (all-time low) of $0.799859 on December 24, 2019. However, the coin is 58.93% lower than its ATH (all-time high) of $8.14 on February 8, 2022.

According to CoinGecko’s collected data, there was a rise of 107.50% in LEO’s trading volume, which is one reason for the price increase. Moreover, it also showed a 1.85% increase in its market volume due to an increase in investor activities. It might imply that a lot of LEO holders feel good about the digital asset and are bullishly buying assets.

Better days are coming; the crypto industry can make its comeback, especially with the UAE embracing crypto rules. If you want to take a break from market volatility and invest long-term instead, you might want to check out Dogetti. Visit them on their website or visit them on social media.

Dogetti (DETI):

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_