Cryptocurrency Summary

Bitcoin has surged back above $94,000, reigniting fears of a potential bull market despite possible intervention from the Federal Reserve, as noted by Cointelegraph. Meanwhile, industrial-scale bitcoin miners are pivoting towards artificial intelligence to address profitability challenges.

In regulatory news, Senator Cynthia Lummis anticipates a markup on cryptocurrency market structure legislation next week, highlighting ongoing efforts to solidify regulatory frameworks in the sector. Ethereum's network has experienced a significant 62% drop in transaction fees, raising concerns about its price stability, as reported by multiple sources.

Additionally, North Korean hackers have exploited a security flaw in React2Shell to deploy new EtherRAT malware, utilizing Ethereum smart contracts for their operations. In the exchange landscape, PNC Bank has integrated Bitcoin trading for eligible clients through Coinbase, reflecting growing institutional adoption.

Lastly, a new ETF proposal suggests that Bitcoin returns could be seen after hours, adding another layer of interest for investors.