El Salvador's National Bitcoin Office denies a Bloomberg report that Bukele's government is turning to stablecoins, saying all state involvement ended with Chivo Wallet's sale to a private operator, while Coinbase says Modveon is launching Sivar on Coinbase infrastructure. Bitget CEO Gracy Chen says she isn't optimistic about recovering the roughly $388M lost in the exchange's security breach, pointing to the 2025 Bybit hack where only about 3.5% of stolen funds were ever frozen, after customers withdrew over 4,000 BTC (about $334M) in the first hour post-breach. New SUBFROST data shows Alkanes made up 61.1% of Bitcoin transactions, 40.3% of block weight, and 94.2% of OP_RETURN bytes over a 90-day window, while contributing just 13.4% of fee revenue, a trend concentrated almost entirely in Chinese-speaking Asia Pacific communities. https://www.btcbreakdown.com/p/issue-664