CHINA END-MARCH YUAN LENDING +5.8% FROM YEAR AGO (POLL +5.9%) CHINA MARCH TOTAL SOCIAL FINANCING 5,230 BLN YUAN (POLL 5,400 BLN YUAN) - CALCULATION BASED ON C.BANK DATA

Regulation & Policy - Bank of Korea calls for “circuit breaker” in local crypto market, citing Bithumb incident - ECB backs EU plan to centralize crypto supervision under Paris-based ESMA watchdog: Reuters Market & Industry - Aave DAO approves $25 million Aave Labs funding grant in binding “Aave Will Win” vote - Bitwise files second amendment to Hyperliquid ETF, adds Wintermute and Flowdesk as trading counterparties - Ether Machine and Dynamix mutually scrap SPAC merger, blame “unfavorable market conditions” Security & Crime - Fake Ledger app on App Store drains American musician’s 5.9 BTC - FBI says crypto-related fraud losses hit record $11.4 billion in 2025, with seniors bearing the brunt - US government moves bitcoin possibly linked to steroid distribution conspiracy

China’s super-long government bonds climbed on Monday as traders speculated that Beijing may shorten the maturity of its special debt issuance to reduce supply pressure. China 30-year government bond yields fell as much as 3 basis points to 2.28%, near a one-month low, extending Friday’s decline. Futures on 30-year bonds also rose sharply. Standard Chartered’s Becky Liu said the market sees a high probability of reduced issuance duration given elevated yields and wide curve spreads, with long-dated yields likely to trend lower as supply concerns ease.