ETH as a Security, BRC-20 Token Standard

Market Update Mixed payroll and wage growth figures released today are reflected in Friday's trading session thus far. U.S. payrolls rose more than expected (225k) with a gain of 311k in February, while the unemployment rate pushed higher to 3.6%. Monthly wage growth printed 0.2% (vs 0.3% consensus), correlating to a 4.6% increase from a year ago. $SPX (+0.4%) and $QQQ (+0.5%) opened lower before trading slightly above yesterday's close on the ambivalent news, while digital asset markets are also rebounding after bleeding down yesterday. $BTC and $ETH are trading at 6.3% and 6.5% discounts over the past day. Altcoins have generally performed poorly over the past week, with Huobi ($HT) experiencing a 90% flash crash in the past day. Justin Sun has responded by opting to cover losses caused by the volatility and setting up a $100m liquidity fund improve $HT liquidity depth. The NYAG, Letitia James, has filed a lawsuit against the cryptocurrency exchange KuCoin for violating securities and commodities laws in the state. The complaint alleges that Kucoin offered access to Terra (LUNA) and TerraUSD (UST), which were previously claimed by the Securities and Exchange Commission (SEC) as securities, and that Ethereum (ETH), the second-largest cryptocurrency by market capitalization