On November 8, 2024, key developments in the crypto space were reported, highlighting the activities and trends affecting various sectors including Bitcoin, Ethereum, and regulatory actions. The Ethereum Foundation revealed that it and other entities in the Ethereum ecosystem spent a total of $497 million on projects during 2022 and 2023, with the foundation contributing $240.3 million. The ecosystem benefits from a $22 billion treasury held by various organizations and DAOs. In the world of Bitcoin, BlackRock's Bitcoin ETF (IBIT) experienced an unprecedented inflow of $1.1 billion on November 7, marking a turning point from previous outflows, as Bitcoin reached new all-time highs. Meanwhile, Caroline Ellison, the former CEO of Alameda Research, is set to begin her two-year prison sentence related to the FTX collapse, joining other high-profile figures in serving time for their roles in the scandal.

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