Multicoin Capital transferred 971,800 HYPE tokens worth approximately $8.18 million to Coinbase.

Dell Technologies releases Q2 fiscal 2027 results: Revenue hits $47 billion, up 58% year-over-year, beating market expectations of $44.8 billion; non-GAAP earnings per share (EPS) stands at $7.04, surging 203% YoY, far exceeding the market consensus of $4.90. The company has sharply raised its full-year revenue guidance from the previous ~$167 billion to $192 billion, significantly higher than the market forecast of $173.8 billion; it projects full-year non-GAAP EPS at $25.50, also well above the market expectation of $19.10. According to BIT (bit.com) market data, Dell Technologies (DELL) closed down 6%, and rose 8.01% in after-hours trading following the earnings release.

According to Bitget market data, South Korea’s KOSPI index opened down 190.62 points, a 2.79% drop, trading at 6645.18 points. Both SK Hynix and Samsung Electronics fell around 3%. Japan’s Nikkei 225 index opened down 1058.52 points, a 1.60% drop, trading at 65156.82 points.

U.S.-Iran tensions escalate as the U.S. military launches strikes on targets inside Iran, with Trump warning of far harsher retaliation if Iran strikes back, while Iran has launched simultaneous counterattacks. Below is a roundup of the latest developments in the Middle East: Conflict developments: The U.S. has launched a new round of strikes on Iran; Iran’s key energy hub ports were attacked, and multiple sites along its southern coast were bombed. Trump’s remarks: The U.S. is striking Iran; if Iran dares to retaliate, it will be left with next to nothing. Iran’s Revolutionary Guards counterattacked, shooting down a U.S. MQ-9 drone; explosions were reported in Erbil, Iraq; and U.S. bases in Jordan and Bahrain were targeted in attacks. Iran: It will respond with measures several times over and strike U.S. bases severely. Iran threatens Bahrain and Kuwait: "The gifts are on the way." Iran: Current circumstances do not allow a return to the memorandum of understanding signed with the U.S. Trump’s renewed remarks: The deal reached with Iran is worthless, and the U.S. has given Iran many opportunities; if Iran makes further mistakes, it will be completely erased. Strait of Hormuz: The number of commercial vessels transiting the Strait on Monday changed little, remaining in the single digits. Two supertankers were hit by shells in the Strait of Hormuz. U.S. Treasury Secretary Scott Bessent: The Strait of Hormuz will see "diversion traffic" within two years. Iran: It will not allow the U.S.’s attempt to divert vessels through the southern route of the Strait of Hormuz. The U.S. military has diverted 84 commercial vessels, while three others have been disabled.

According to BIT (bit.com) market data, the escalating US-Iran conflict has seen the US military strike targets inside Iran. US President Donald Trump warned Iran would face far more severe retaliation if it launches a counterattack, while Iran has initiated its own response. The renewed conflict has boosted crude oil prices while pressuring US stocks and cryptocurrencies, with Bitcoin briefly falling below $77,000. At the close of US trading, the Dow Jones Industrial Average dropped 0.79%, the S&P 500 fell 0.71%, and the Nasdaq Composite declined 1.03%. US sectors including semiconductors, storage, optical communications, and cryptocurrencies all retreated. Global sovereign bond yields hit their highest level since 2008, with the 10-year US Treasury yield hitting a near 20-month peak. The US Dollar Index rebounded to near a two-week high, while the Japanese yen weakened below 160, hitting its lowest level since the US intervened in the foreign exchange market in late July. Semiconductor and storage sector performance: Seagate Technology (STX) down 1.42%, Western Digital (WDC) down 0.02%, SanDisk (SNDK) down 1.90%, Micron Technology (MU) down 2.64%, Nvidia (NVDA) down 1.51%, Intel (INTC) down 0.60%, Advanced Micro Devices (AMD) down 2.36%, Broadcom (AVGO) down 0.18%, Qualcomm (QCOM) down 2.27%. Crypto-related stocks: Strategy (MSTR) down 6.06%, Coinbase Global (COIN) down 6.01%, Circle Internet Financial (CRCL) down 6.35%, BitMine Immersion (BMNR) down 7.70%. Optical communications stocks: Marvell Technology (MRVL) down 0.60%, Applied Optoelectronics (AAOI) down 3.99%, Lumentum Holdings (LITE) down 5.01%, Coherent Corp. (COHR) down 2.09%, Ciena Corporation (CIEN) down 5.87%, Nokia (NOK) down 2.07%. According to Bitget market data, Brent crude oil rose 4.5% to $94.5 per barrel.

US-listed HYPE sector treasury firm Hyperliquid Strategies Inc (PURR) has amended its ChEF purchase agreement with Chardan Capital Markets, lifting the total commitment for newly issued common stock from $1 billion to $2.5 billion. The newly issued shares have a par value of $0.01; while the financing scale has expanded significantly, the issuance remains subject to clear price and quantity constraints. This amendment introduces a trading platform cap mechanism: once cumulative sales exceed $1 billion, additional issuances priced below $12.02 per share will be restricted, with a cap of 42,641,847 shares, equivalent to 19.99% of the outstanding shares prior to the amendment. Any additional issuance beyond this threshold will require shareholder approval in line with Nasdaq rules. This design not only greatly boosts financing capacity but also provides existing shareholders with protection against excessive dilution. According to market data from BIT (bit.com), PURR closed down 7.31%.

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.