Anthropic’s ‘Mythos’ Triggers Scramble Among Coinbase, Binance: Report

• Coinbase shares surged over 4% after Chief Security Officer Philip Martin said the company was in talks with Anthropic.
• Coinbase and Binance are also reportedly preparing for the “Mythos” AI, which can quickly lead to cyber threats and has not been released widely.. 
• Piper Sandler analysts raised their price target for Coinbase, citing global volatility, particularly the Iran war.

Coinbase (COIN) stock gained in morning trade on Tuesday after a report said the company is in talks with Anthropic’s (ANTHROPIC) Mythos to meet its security demands.

COIN’s stock was trading at $192, up over 4% in morning trading. The optimism comes after Coinbase’s Chief Security Officer, Philip Martin, reportedly said that the company is in “close communication” with Anthropic for its new AI model, ‘Mythos,’ according to a report by The Information. 

Martin pointed out that tools like Mythos could speed up both cyber threats and defenses by letting software systems be tested more deeply and on a larger scale. Some big banks and tech companies, like Goldman Sachs (GS), have already gotten early access, but crypto companies haven't yet been included in the first rollout. 

According to Chief Security Officer Jimmy Su, Binance is using a mix of commercially available large language models, including Anthropic's previous systems, and technologies it has made in-house to meet its security demands.

On Stocktwits, the retail sentiment around ANTHROPIC remained in the ‘bullish’ zone, while chatter levels surged to ‘extremely high’ over the past day.

Anthropic’s Mythos Triggers Global Financial Alarm

According to a Financial Post report, Anthropic PBC's new general-purpose model, which the company says is very good at identifying and exploiting software flaws, has already caught the attention of regulators and banks.

The urgency comes from the fact that the crypto industry is still dealing with security breaches. Researchers have warned that more advanced AI could make it much easier to find and exploit weaknesses, cutting the time required from weeks to as little as minutes. 

The company in San Francisco has not released the model to the public because of the risks it poses. This has led to talks among regulators and banking executives in Canada and other countries about what this means for the stability of the financial system.  Anthropic has also reportedly given Apple (AAPL), Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), Nvidia (NVDA), and JPMorgan Chase & Co. (JPM) access to Mythos.

Coinbase Stock Rises While Analysts Cite War-Driven Volatility Tailwinds

As people become more aware of the security risks associated with next-generation AI models, markets are increasingly considering how these models could affect trading activity and the value of crypto platforms. In the past, greater volatility, whether driven by technological disruption or geopolitical events, has led to higher trading volumes on exchanges like Coinbase. 

Separately, on Wednesday, Investment bank Piper Sandler raised its price target on Coinbase to $180 from $150 while maintaining a ‘Neutral’ rating on the stock ahead of the company’s first-quarter earnings. Piper said that it is somewhat cautious on the tough year-over-year comparisons facing exchanges in the second quarter of 2026, but a continuation of the Iran War is a strong counter, TheFly reported. 

On Stocktwits, the retail sentiment around COIN remained in the ‘bullish’ zone, while chatter around it stayed at ‘normal’ levels over the past day.  

Read also: Satoshi-Era Bitcoin Whale Signals Sell-Off While Cypherpunks Push For Wallet Lockdowns

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