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Delhi's Welfare CBDC Goes Live, Bitcoin ETF Outflows & African VC Shift
Audio is available on Spreaker — see link below.
India's digital rupee moves from pilot to city-scale welfare deployment as Bitcoin spot ETFs log six consecutive days of institutional outflows. Plus XRP's Binance liquidity collapse, ClickUp's AI agent bet, and African fintech's shrinking VC share.
Audio is available on Spreaker — see link below.
India's digital rupee just moved off the test bench. Delhi's government has gone live with a CBDC-based ration distribution system, replacing cash and physical grain allocations with blockchain-tracked subsidies tied to the digital rupee.
Turning to crypto markets, and the institutional accumulation story that defined twenty twenty-four is running in reverse. Bitcoin spot ETFs have now recorded six consecutive days of cash outflows.
XRP is a sharper signal still. The liquidity index on Binance crashed to near zero, social sentiment flipped bearish, and contrarian signals are now emerging at the edges.
On the enterprise side, ClickUp laid off twenty-two percent of its workforce and simultaneously deployed three thousand AI agents. The company is repositioning itself as an AI-first organization, with million-dollar salary bands reserved for what it's calling high-impact creators.
African fintech has lost fourteen percentage points of VC funding share between twenty twenty-three and twenty twenty-five. Cleantech, healthtech, and mobility are now pulling in equity rounds exceeding one hundred million dollars.
One quieter development worth noting: the Federal Reserve approved an acquisition application targeting Peach State Bancshares in Georgia. Regional bank consolidation continues.
Three things to track from here. First, Delhi's CBDC rollout in the first weeks of live operation, specifically authentication rates and bank integration stability.
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