Coinbase warns Anthropic's new Claude Mythos AI could rattle crypto markets, yet 75% of institutional investors still call Bitcoin (BTC) undervalued.

Coinbase Q2 Outlook On Mythos

The exchange's second-quarter outlook, prepared with on-chain data firm Classnode, says the model can autonomously exploit security flaws across protocols, exchanges, and infrastructure.

David Duong, Coinbase's global head of investment research, noted in the report that three-quarters of institutions still see Bitcoin as undervalued.

Bitcoin trades near $77,000, down roughly 40% from its October peak, even as the S&P 500 set a fresh record in April.

ETF flows back the bullish institutional read. Traders poured just under $2 billion into Bitcoin ETFs over the past 30 days, marking the strongest month since October.

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Mythos Risks And Exchange Defenses

Mythos can find so-called zero-day bugs across operating systems and browsers, hidden flaws developers have not yet patched. Anthropic has held the model back from public release, citing misuse concerns.

Coinbase and Binance are in active talks to access it, The Information first reported on Apr. 14.

Deddy Lavid, head of cybersecurity firm Cyvers Alert, says crypto sits squarely in the line of fire because the industry runs on browsers, wallets, and open-source tools tied directly to funds.

The sector lost about $3.4 billion to hacks in 2025, per Chainalysis, a baseline that frames why the Mythos debate is so charged. Citrini's AI dystopia report from February already rattled markets and prompted bearish Bitcoin price forecasts, while April's exchange scramble for access has kept the security narrative running hot.

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