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Home Blog Page 33

Goldman Sachs Actively Using Anthropic’s Claude Mythos to Strengthen its Cybersecurity Posture 

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Goldman Sachs is actively using and collaborating on Anthropic’s Claude Mythos Preview often shortened to Mythos to strengthen its cybersecurity posture.

Anthropic released Claude Mythos Preview in early April 2026 as part of its “Project Glasswing” initiative focused on cybersecurity. It’s a frontier-level AI model that shows major leaps in agentic capabilities—particularly in autonomous vulnerability discovery, exploit chaining, and security research. Anthropic has described it as capable of finding and exploiting software vulnerabilities at a level rivaling or surpassing top human researchers, including in complex, real-world systems.

The company has restricted public access due to the dual-use risks: the same tech that excels at defense could dramatically lower the bar for sophisticated cyberattacks if misused. Access is limited to select trusted partners, with some involvement from U.S. government encouragement. Goldman Sachs CEO David Solomon publicly stated that the bank is hyper-aware of Mythos’s capabilities.

The firm has access to the model. Is working closely with Anthropic and its security vendors. Is supplementing and accelerating investments in cyber and infrastructure resilience to harness frontier AI tools for defense. This follows an urgent meeting last week convened by U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell with major bank CEOs.

Officials warned about the heightened cyber risks from advanced AI models like Mythos and reportedly encouraged banks including Goldman, JPMorgan, Citi, etc. to test it internally on their own systems to identify and patch weaknesses proactively. In short, Goldman is flipping the script: instead of just fearing what Mythos could do to them, they’re using it for them—to hunt for hidden vulnerabilities before attackers do.

This fits a growing pattern where frontier AI’s cyber capabilities are forcing a reckoning. Models like Mythos can autonomously scan for flaws, chain exploits, and operate with less human oversight, which is powerful for defenders but alarming for the attack surface of critical infrastructure like banks. U.S. regulators appear to be pushing a test it yourself to defend it approach rather than blanket restrictions.

Other large banks are reportedly in similar testing phases, though Goldman’s public comments from Solomon make it one of the more visible examples so far.The situation highlights the classic AI dual-use dilemma: rapid capability gains in offensive and defensive cyber tools, controlled release by labs like Anthropic, and institutions racing to adapt. It’s less AI is coming for the banks and more the banks are racing to weaponize AI for defense before the bad actors do.

JPMorgan Chase stands out as the only bank explicitly named by Anthropic as a Project Glasswing participant. The bank is actively evaluating Mythos for defensive cybersecurity across critical infrastructure. JPMorgan has described it as a unique, early-stage opportunity to test next-generation AI tools.

The firm already invests heavily in AI overall; part of its $19.2 billion tech budget includes $1.2 billion for AI initiatives and uses advanced techniques like graph neural networks for fraud detection. It reported identifying $150 million in previously undetectable fraud ring activity through such systems.

Citi is among the banks reported to be internally testing Mythos or preparing to gain access. Its CEO Jane Fraser attended the recent Treasury/Fed meeting. Citi has long emphasized AI for operational efficiency like speeding account openings and legacy system upgrades and is ramping up AI-related capex forecasts. It also highlights quantum cybersecurity threats and broader AI-driven fraud/AML integration.

Bank of America is testing Mythos internally, with CEO Brian Moynihan present at the regulators’ meeting. The bank allocates about $4 billion of its $13 billion tech budget to strategic growth areas that include AI. It deploys AI for fraud detection, dispute resolution; handling 62% of card disputes without human intervention in some cases, and broader risk functions.

Morgan Stanley is also internally testing or preparing to test the model, per reports on the Wall Street banks involved. Its CEO Ted Pick attended the meeting. Like peers, it integrates AI into compliance, risk, and operational workflows, though specific Mythos details remain limited due to the controlled nature of access.

Wells Fargo’s CEO Charlie Scharf attended the urgent meeting. While public details on its direct Mythos testing are scarcer than for JPMorgan or Goldman, it is part of the group of major banks urged by regulators to evaluate the tool for vulnerability hunting. The bank continues to prioritize AI in fraud detection, cybersecurity oversight, and technology modernization

Ether Machine Halts its Planned SPAC Merger with Dynamix Corporation Citing Present Market Sentiment 

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Ether Machine has scrapped its planned SPAC merger with Dynamix Corporation and, with it, the launch of its proposed $1.5 billion yield-bearing Ethereum fund. The companies mutually agreed to terminate the business combination agreement, effective immediately.

Ether Machine cited unfavorable or deteriorating market conditions as the main reason. Ethereum’s price has fallen significantly since the deal was first announced in July 2025 when ETH was trading much higher, making the planned ~400,000+ ETH treasury worth over $1.5 billion at the time. ETH has since traded in a lower range, pressuring the economics of the deal.

As a result, Ether Machine’s planned Nasdaq listing under ticker ETHM and the associated institutional ETH fund have been halted. Ether Machine, co-founded by former Consensys executives Andrew Keys and David Merin, positioned itself as building the largest public vehicle for institutional-grade exposure to Ethereum. The fund aimed to offer secure, transparent, yield-bearing access to ETH.

It had secured significant private backing, including a $654 million round that included 150,000 ETH from Jeffrey Berns. The SPAC structure with Dynamix (a Nasdaq-listed SPAC) was meant to take the combined entity public. A $50 million breakup fee is reportedly payable to Dynamix within 15 days. Dynamix now has until November 22, 2026, to find a new merger target.

The deal also involved The Ether Reserve LLC. This move comes amid broader pressure on crypto-related SPAC and public-listing attempts, as market volatility and lower ETH prices have made some high-profile treasury or yield products less viable in the short term. Ether Machine has not announced immediate alternative plans, though it may continue operating privately or pursue other fundraising and treasury strategies.

The decision reflects caution in the current environment rather than any reported fundamental issues with the company itself. Ethereum’s price action continues to influence these kinds of institutional products. Plans for Nasdaq debut under ticker ETHM are halted; the company remains private. The proposed institutional-grade vehicle with >400,000 ETH treasury, initially valued >$1.5B will not proceed in its planned form.

A $50 million breakup fee is payable to Dynamix within 15 days. Backers including significant ETH commitments miss immediate public market access and liquidity for the treasury strategy. Dynamix Corporation Gains $50M cash from the termination fee. Back to square one: Must find a new merger target by November 22, 2026, or face liquidation; the SPAC previously trading under related tickers sees limited immediate stock reaction as the deal collapse appears priced in.

Signals pressure on ETH treasury strategies: Adds to a trend of pullbacks—e.g., Trend Research fully exited its ETH position; sold ~652k ETH for ~$1.34B, booking large losses and rebranded away from ETH focus; similar adjustments seen elsewhere. ETH was already trading lower ~$2,200–$2,400 range in early-mid April 2026, well below 2025 peaks with the news reflecting rather than driving weakness.

No major additional sell-off reported from this event alone, partly offset by ETF inflows absorbing supply. Highlights challenges for large-scale public ETH vehicles in volatile conditions; reduces near-term visibility for MicroStrategy of Ethereum-style plays and may cool some institutional enthusiasm for similar SPAC and crypto treasury deals.

The move underscores caution in a softer ETH environment. Ether Machine may pivot to private operations or alternative fundraising, but no immediate alternatives were announced. Broader crypto SPAC activity remains subdued. This is a short-term negative signal for ETH-specific public products but not a systemic shock. Market reaction has been muted so far.

Markets Pricing-In On the Failed Peace Talks between the US and Iran

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Peace talks between the US and Iran in Islamabad (Pakistan) collapsed over the weekend without an agreement, primarily over Iran’s nuclear ambitions, regional influence, and control of the Strait of Hormuz. In response, President Trump announced and the US military implemented a naval blockade targeting Iranian ports and coastal areas, which went into effect at 10 a.m. EDT on Monday, April 13.

The US Central Command has stated that the blockade focuses on preventing ships from entering or leaving Iranian ports in the Persian Gulf and Gulf of Oman. It does not fully close the Strait of Hormuz to neutral international traffic transiting to or from non-Iranian destinations. However, Trump’s public statements were more aggressive, vowing to blockade the strait and threatening to kill any Iranian warships approaching US forces.

This is a counter to Iran’s effective shutdown of much of the strait earlier in the conflict which began in late February 2026, where Tehran had been demanding fees or control over passages. As of early April 14, traffic through the strait remains extremely limited, with few confirmed transits and some vessels turning back. No major direct clashes have been widely reported yet, but tensions are high with Iranian threats of retaliation.

Markets reacted with a classic risk-off move: Equities pulled back on renewed geopolitical uncertainty, as hopes from a prior fragile two-week ceasefire faded. Crypto assets like Bitcoin, Ethereum, and broader market also declined, with reports of Bitcoin dropping ~3% and total crypto market cap shedding tens of billions in a short window—consistent with its sensitivity to risk sentiment and oil shocks.

Oil prices surged like WTI and Brent jumping several percent, briefly pushing above $100–$102/bbl in spots due to fears of further disruption to ~20% of global oil and LNG flows. Some easing has occurred on hopes of dialogue, but prices remain elevated overall. This fits the pattern seen throughout the US-Iran/Israel conflict: ceasefire hopes spark rallies especially in tech and risk assets, while breakdowns or blockades trigger sell-offs in equities and crypto and spikes in energy.

Saudi Arabia is reportedly pressing the US to lift the blockade and return to talks, fearing Iranian retaliation that could hit other routes via Houthis in the Red Sea. The current two-week truce expires soon around April 22, adding urgency. Enforcement so far appears targeted, but any escalation; drone attacks, mining, or miscalculation could tighten supply further, with analysts warning of prolonged high energy prices if the strait stays constrained.

US gasoline and heating oil prices rising; broader concerns about higher costs for chemicals, fertilizers, and transport. Analysts warn of potential $150+ scenarios in full escalation. Risk-off pullback initially: S&P 500 futures dropped ~1–1.3%, Dow and Nasdaq futures also lower at open on April 13 amid geopolitical uncertainty.

Markets flipped positive by close; S&P 500 up ~1% in some sessions, driven by Trump’s comments leaving room for talks and the blockade’s targeted nature (not fully closing the strait to neutral traffic). Overall volatility, with energy stocks gaining while broader indices swung. Bitcoin dropped ~3% hovering near $70k–$71k initially, Ethereum ~4%, with the total crypto market cap shedding ~$65 billion in a short window.

Some relief bounce (BTC toward $74k–$74.5k) as tensions didn’t immediately escalate into direct clashes and on hopes for de-escalation. Crypto remains sensitive to oil shocks and risk sentiment. This remains fluid—watch for any naval incidents, diplomatic breakthroughs, or updates from CENTCOM/Trump. Oil and risk assets will likely stay volatile on headlines. Geopolitics like this often create short-term shocks but can reverse quickly on de-escalation signals.

World Liberty Financial Threatening Legal Action Against Justin Sun of Tron Blockchain 

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World Liberty Financial (WLFI), a DeFi project linked to the Trump family, has publicly threatened legal action against Tron founder Justin Sun following his accusations of hidden controls and misconduct in the project’s token contract.

The feud escalated publicly around April 12, 2026, when Sun accused WLFI of embedding a backdoor blacklisting function in its smart contract. This allegedly allows the team to unilaterally freeze, restrict, or effectively seize any holder’s tokens without notice or recourse. Sun, who invested roughly $75 million and claims to be one of the project’s largest backers, described himself as the first and single largest victim of this practice after his wallet was blacklisted in September 2025, locking hundreds of millions of WLFI tokens now worth significantly less amid a price drop.

He also criticized WLFI for using deposited tokens including a large collateral deposit of about 5 billion WLFI on the Dolomite lending platform to borrow ~$75 million in stablecoinsin ways he called deceptive, treating users like a personal ATM, and for issues like long lockup periods, concentrated voting power, and lack of transparency.

WLFI’s Response

WLFI quickly fired back on X, dismissing Sun’s claims as baseless and accusing him of playing the victim while making baseless allegations to cover up his own misconduct. The project stated it has the contracts, the evidence, and the truth, and bluntly replied with: See you in court pal. They framed Sun’s actions as part of a repeated victim playbook and did not directly address the backdoor allegation in their public statements.

The blacklist on Sun’s address reportedly stemmed from outbound token transfers that allegedly violated investor agreements, including one large transfer worth millions. The token has fallen sharply reportedly down ~76% from its all-time high, trading near $0.079 recently, amid broader investor concerns and the dispute.

Sun’s wallet freeze dates back to September 2025; the current flare-up ties into a $75M DeFi loan and collateral arrangement and governance complaints. Sun has faced regulatory scrutiny before, including a settled SEC case in March 2026 involving a $10M fine no admission of wrongdoing. This is a high-profile public spat in the crypto space involving a major investor and a Trump-associated project.

Neither side has filed a lawsuit yet, but both are posturing aggressively—Sun demanding transparency on controls and multisig authority, WLFI pointing to contractual breaches. On-chain data is visible to the community, but full contract details and evidence haven’t been publicly released by either party. Crypto disputes like this often play out on social media before or instead of formal court, but the see you in court rhetoric suggests it could head toward litigation over contract terms, token mechanics, or alleged misconduct.

The situation highlights ongoing tensions in DeFi around decentralization claims versus actual controls like blacklist functions, especially in projects with high-profile backers. The public accusations of hidden blacklist and backdoor functions, opaque governance, and using user and collateral tokens like a personal ATM have triggered wider investor concerns and criticism of WLFI’s decentralization claims.

Heightened scrutiny on the $75 million DeFi loan, backed by billions of WLFI tokens on Dolomite, potential liquidation risks if collateral value falls further, and questions over multisig controls and lockups. As a Trump-family-linked project, the feud amplifies narratives around centralized controls in DeFi projects, potentially fueling regulatory or political criticism.

Why the AI Boom May Belong to Liberal Arts Graduates, According to Anthropic’s Cofounder Jack Clark

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A university

As artificial intelligence continues to reshape industries and career paths, Anthropic cofounder Jack Clark is pushing back against the increasingly popular notion that only technical degrees hold value in the age of machine intelligence.

Speaking at Semafor’s World Economy Summit, Clark made the case that liberal arts disciplines, often dismissed in conversations about the future of work, may in fact be uniquely suited to the demands of the AI era. His argument goes beyond a defense of humanities education; it speaks to a broader reordering of what employers in frontier technology companies now prize most: judgment, synthesis, and the ability to frame consequential questions.

Clark’s own professional trajectory gives weight to that argument. Before helping build one of the world’s leading AI companies, he worked as a journalist and studied literature at the University of East Anglia, a background that might once have seemed far removed from advanced machine learning.

“What turned out to be useful is that I got to learn a lot about history and a lot about the kind of stories that we tell ourselves about the future,” Clark said on Monday during Semafor’s World Economy Summit. “That’s turned out to be like, extremely relevant for AI in a way that I think people wouldn’t have predicted.”

That remark goes to the heart of an increasingly important debate within the technology sector: as AI systems become more capable, the premium is shifting from narrow technical execution to contextual intelligence. History, philosophy, literature, journalism, and political economy train people to interrogate assumptions, understand human behavior, and interpret narratives about risk, progress, and power. Those are precisely the issues now confronting AI companies as they navigate regulation, ethics, safety, and societal disruption.

Rather than elevating any single discipline, Clark argued that the most valuable academic pathways are those built around intellectual overlap.

“I think that majors which are going to become more important are ones which involve like synthesis across a whole variety of subjects and analytical thinking about that,” he said.

This emphasis on synthesis is notable, especially at a time when AI is moving from a purely engineering challenge into a multidisciplinary enterprise involving law, public policy, security, philosophy, linguistics, economics, and behavioral science. Companies at the frontier are no longer merely building models; they are designing systems that interact with society at scale.

Clark went further, identifying the most valuable skill not as coding itself, but as intellectual discernment.

“The really important thing is knowing the right questions to ask and having intuitions about what would be interesting, colliders, different insights from many different disciplines,” he said.

That insight carries particular resonance in today’s labor market. As generative AI automates an increasing share of repetitive technical work, the advantage is moving toward those who can define the problem, challenge assumptions, and connect disparate streams of knowledge into a coherent framework. In effect, the ability to ask a better question may now be more economically valuable than the ability to execute a routine answer.

Clark’s comments on programming underscore that shift. After repeated pressing, he said that “rote programming” is something he would avoid, a statement that aligns with growing expectations that AI-assisted development tools will absorb much of the repetitive coding workload.

“Some people need to know those fundamentals, but we do see that technology move up the stack,” Clark said.

He is not dismissing technical foundations outright; rather, he is signaling that the nature of technical work is changing. Low-level, repetitive coding tasks are increasingly being automated, while higher-order functions such as architecture, systems design, product reasoning, and ethical oversight are becoming more central.

Perhaps the most striking line from Clark’s remarks was his reference to philosophy graduates working inside Anthropic, a statement that directly challenges long-standing assumptions about employability in the humanities.

Overall, he said, majors that may appear disconnected from AI are likely to remain highly relevant, noting that Anthropic employs philosophers.

“When was the last time you heard that a philosophy degree was like a great job prospect?” he said.

The deeper significance of that comment lies in what it reveals about where AI is heading. As models become more powerful and their social consequences widen, companies need people who can think rigorously about reasoning, ethics, alignment, human values, and unintended consequences. Those are questions philosophy departments have wrestled with for centuries.

Clark’s remarks, therefore, amount to more than career advice for students. They denote a structural shift in the AI economy, one in which interdisciplinary reasoning and humanistic inquiry are becoming assets rather than peripheral skills.

For students weighing their academic choices, the message is that the future of AI may belong not only to engineers, but also to those trained to understand people, ideas, institutions, and the stories societies tell about what comes next.