Pizi Ge’s Crypto + AI Morning Brief · 2026-10-29 (Thursday)

【1】Alipay Officially Debunks Rumor: Peer’s USDC Trading Claims Are False

Alipay responded on X, saying it does not support cryptocurrency trading or related services. Peer’s claim that it “supports buying and selling USDC through Alipay” is false and unauthorized.

→ When a project claims to be backed by a major platform, don’t trust its screenshots—verify the claim through the platform’s official account. The platform has already warned that people are using its name as a cover, and more projects will try to ride on its reputation.

【2】HyperLabs Requests to Redeem 180,000 HYPE; Funds Expected on November 4

The Hyperliquid development team has requested to redeem 179,706 HYPE from staking, worth approximately $14.49 million. The process is the same as for the team’s previous token unlocks: after the tokens are released, they will first be distributed to team members, then sold through market makers.

→ The selling pressure is out in the open, and the date has been given. Watch the buying support around November 4. The unlock itself isn’t bearish; what matters is whether it triggers enough volume to push the price down.

【3】Google Q3 earnings: Cloud revenue doubles, net profit falls 25%

Revenue rose 25% year over year to $127.6 billion, while Google Cloud surged 103% to a record high. But net profit plunged, and the stock fell nearly 10% after hours. Management said Gemini has 1 billion monthly active users and that capital expenditure will rise significantly again next year.

→ AI revenue is rising, but profits are falling. The market is starting to demand real earnings. Crypto’s risk appetite is moving with this batch of earnings reports; when computing stocks fall, altcoins can’t hold up.

【4】Real-world engineering tasks stump AI: GPT-6 Astra scores 37%, five models score zero

RWE-Bench tested 11 models on 20 mechanical, electrical, and aerospace tasks. GPT-6 Astra ranked first with a 37% pass rate; Opus 5.5 scored 29%, while five models, including DeepSeek V4.1 Flash, failed every task.

→ Benchmark scores and getting the job done are two different things. When choosing an Agent tool, have it tackle the most frustrating task in your own business. A high score means nothing if it can’t handle that.

【5】Robot AI valuation triples and a half in a year, with zero revenue

Physical Intelligence is in talks to raise $1 billion at a target valuation of $20 billion. It was valued at just $5.6 billion last November, and still has no revenue.

→ A $20 billion valuation with zero revenue is based entirely on a story. These companies won’t sell cheap. Before you buy in, think carefully about whether you’re investing in the technology or holding the bag.

In a nutshell: officials are debunking rumors, teams are unlocking tokens, and earnings reports are making investors pay the price.

If you ask me, the key thing to remember is point 1: scams evolve faster than technology, and your own verification is the last line of defense. BTC is now at 81007, holding above 80,000. Stick to your own strategy.