Large part of Anak Krakatau has collapsed into the sea - reconstruction of the eruption

First visual information about the situation on Anak Krakatau island group itself has come in, revealing that a large part of Anak Krakatau's SW flank has collapsed, which most likely is the trigger for last night's tsunami.
An overflight of was undertaken today by the Kumparan agency and revealed continuous, violent phreatomagmatic explosions, i.e. driven by lava and water interaction.

The combined information allows a rough reconstruction of the events:

#1 A new surge of magma arrives in the upper conduit of Anak Krakatau from around 20-21 Dec, causing increasing explosive and effusive activity - strombolian explosions or lava fountains, and lava flow emission - from the summit vent. It looked more or less like this:


(video from a similar paroxysm in Sep 2018)
This activity probably reached its peak on the evening of 22 Dec, when it was clearly visible by naked eye from more than 40 km away on the coast.
#2 In the evening of 22 Dec, lava fountains fed flows that reached the sea, probably on the south or southeast shores of Anak Krakatau, in similar locations as during previous episodes this year.
#3 Around 21:00 local time, the weight of rapidly accumulated lava on the subaerial and submerged cone of Anak Krakatau triggered an instability and a larger landslide removed a part of the southwestern cone - a flank collapse occurred. This rapid displacement caused the (small, but devastating) tsunami which reached the Java coast around 21:30 (local time).
#4 As a consequence, sea water gained access to large masses of hot rocks and possibly the conduit itself, triggering an ongoing series of steam explosions that produced the steam and ash plume first observed later this morning on satellite data and seen in this video:

Erosion of material from the ongoing explosive activity and along the new shoreline continues to eat away parts of the island.

What will come next?
This is difficult to say, but at least to a large extent it will depend on how much magma continues to rise, whether new collapses occur and so on. A possibility of even larger explosions, pyroclastic flows, tsunamis is clearly increased.
The alert level of the volcano was raised to red.