Bitcoin falls below $77,000, Ethereum drops below $2,400.

According to Iran's Fars News Agency, an explosion was heard at Asaluyeh Port, a key energy hub on Iran's Persian Gulf coast, on the evening of September 1 local time.

According to Coinglass data, the global crypto market recorded $166 million in liquidations over the past four hours, including $151 million in long positions and $15.147 million in short positions. Over the past 24 hours, a total of 83,109 traders worldwide were liquidated, with total liquidation volume reaching $309 million. The largest single liquidation order occurred on Binance’s ETHUSDT pair, valued at $11.9946 million.

Iran's military said it will no longer exercise restraint toward Bahrain and Kuwait, adding that "the gifts are on the way." The warning came after the U.S. launched strikes targeting Iran's Islamic Revolutionary Guard Corps (IRGC), following accusations that Iran had attacked shipping vessels and U.S. military forces. U.S. President Donald Trump has warned that any retaliatory action by Iran would trigger a more intense U.S. attack. Iran's Fars News Agency reported that Iran has fired missiles and drones at enemy positions.

Beating AI News Flash: Anthropic has launched its new AI model, Fable 5.1, claiming it delivers better performance in programming and scientific tasks while being more cost-effective. For programming, Fable 5.1 excels at handling long, complex tasks such as software project development, code reviews, and complex scenarios involving full application code. Its scientific capabilities have also been enhanced, covering experimental design, simulation of experimental results, and reading complex charts and data tables. On the cost front, token pricing for enterprise users remains the same as Fable 5, but the cost of the model reusing processed information is cut by 75%. This part can account for over half of token usage in long-text, complex tasks, so the price reduction is expected to significantly lower overall operational costs. In terms of security, Fable 5.1 features an upgraded classifier that identifies risky instructions more accurately with fewer false positives, enabling more efficient use by users in cybersecurity and biology fields. Additionally, Anthropic plans to allow enterprise customers to store data from its most powerful models in their own cloud infrastructure instead of Anthropic’s servers, while continuing to enforce security checks.

According to Bitget market data, US and Brent crude oil prices saw a short-term rally. WTI crude broke above $89 per barrel, up 4.22% intraday, while Brent crude rose to touch $94 per barrel, gaining 4.07% on the day. On the news front, Iran has launched missiles and drones at enemy positions.

U.S. President Donald Trump stated in an interview with Fox News: "The deal with Iran is worthless. I have given Iran numerous opportunities, but Iran’s various misdeeds show no signs of stopping—they are crazy and stupid. Today’s strike on Iran is of a very large scale. If Iran makes another mistake, the country will be completely erased. If Iran retaliates, we will strike back with even greater force. Iran is attempting to rebuild radar systems because they cannot see anything. We waited until they were almost finished constructing them before carrying out the strike."