Today's Crypto News Snapshot – May 8, 2025**

### Space and Time (SXT) Hits Binance Alpha

**Space and Time (SXT)** joins **Binance Alpha**, spotlighting its innovative data solutions for Web3. Trading kicks off today, with airdrops for eligible users within minutes of launch. This listing could drive significant liquidity and interest for SXT.

Ethereum’s $ETH Pectra Upgrade Goes Live

The **Pectra upgrade** for Ethereum$ETH activated on May 7, enhancing scalability and security. As developers and investors digest its impact, ETH’s $ETH market outlook remains bullish, potentially lifting the DeFi ecosystem.

XRP Dips to $2.08 – Rebound Ahead?

**XRP** slid to a two-week low of **$2.08**, down 7% in five days, driven by profit-taking and macroeconomic uncertainty. However, institutional inflows of $37.7M in Q1 signal long-term confidence. Watch for a potential bounce if XRP holds above $2.00.[](https://bravenewcoin.com/insights/xrp-news-today-xrp-stumbles-below-key-levels-as-ripples-market-report-hints-at-major-institutional-moves)

Binance Pay Expands to Kyrgyz Republic

Binance partners with the **Kyrgyz Republic** to launch **Binance Pay**, enabling crypto payments for locals and tourists. Paired with educational initiatives, this move boosts blockchain adoption in Central Asia.

Shiba Inu Gains Institutional Traction

**Shiba Inu (SHIB)** sees growing institutional interest, with 109 new millionaire wallets added in April. Despite market volatility, SHIB’s accumulation trend hints at a strong future.[](https://thecryptobasic.com/2025/05/07/with-a-1m-retirement-target-by-2030-here-is-how-much-xrp-you-need-to-hold/)

Trump’s Crypto Ventures Face Scrutiny

Senator **Blumenthal** launched an inquiry into **Trump-backed tokens** like **Official Trump (TRUMP)** and **World Liberty Financial (WLFI)**, raising concerns over conflicts of interest. Regulatory clarity could shape market sentiment.