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- 22:05Activist investors call for major adjustments to Polygon's POL supply modelJinse Finance reported that as investors express dissatisfaction with POL's significant underperformance relative to the overall crypto market, a new proposal aimed at reforming Polygon tokenomics is gaining increasing support on the project's governance forum and social media. The proposal, written by activist token investor Venturefounder, calls for major adjustments to Polygon's POL (currently priced at $0.2501) supply model, specifically including the elimination of the 2% annual inflation rate and the introduction of a buyback or burn plan supported by treasury funds to alleviate ongoing selling pressure.
- 21:35FIFA blockchain tickets under review by Swiss gambling regulatorJinse Finance reported that the Swiss gambling regulatory authority is investigating whether the "right-to-buy tokens" issued by the global football governing body FIFA ahead of the 2026 World Cup comply with gambling regulatory rules. So far, no one has accused FIFA of any violations. The Swiss Federal Gaming Board (Gespa) is currently assessing whether these tokens possess gambling attributes or if they constitute a conditional purchase right—the tokens can be bought, sold, and traded on FIFA’s non-fungible token (NFT) trading platform. Note: FIFA stands for Fédération Internationale de Football Association.
- 21:11Tether to nominate board candidates for Juventus Football ClubJinse Finance reported that stablecoin issuer Tether plans to propose its own list of board candidates and "governance reforms" for the Italian football club Juventus. Tether currently holds a 10.7% stake in the club. According to a Reuters report on Monday, Tether's recommendations for the club's board will be presented before the shareholders' meeting on November 7. In addition, as part of Juventus' capital increase plan, Tether will inject approximately $129 million. Tether CEO Paolo Ardoino stated that the stablecoin issuer initially invested in Juventus in February and increased its stake to over 10% in April, as part of its "commitment to innovation and long-term cooperation."