StablecoinX (USDE) said Tuesday it has appointed Christopher Jensen as chief executive officer, effective immediately.
Jensen succeeds Ted Chen, who will continue as board chairman, according to a statement.
Jensen most recently served as portfolio manager and director of digital asset research at Franklin Templeton (BEN), it said.
Price: $7.47, Change: $-0.46, Percent Change: -5.80%
Top cryptocurrencies fell Friday, with Bitcoin (BTC-USD) dropping below $80,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 2.4% in the past 24 hours. The Nasdaq 100 rose 0.2%, the S&P 500 lost 0.4%, and the Dow Jones Industrial Average decreased 0.5%.Bitcoin fell 2.5% to $79,707, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 14.8% to $41.06 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, declined 2.4% to $2,456.XRP (XRP-USD) lost 4.4%, BNB (BNB-USD) fell 0.5%, and Solana (SOL-USD) shed 3.3%. Dogecoin (DOGE-USD) slumped 5%, and Cardano (ADA-USD) dropped 3.6%.The total market value of the cryptocurrency industry fell 2% in the past 24 hours to $2.68 trillion, with trading volume increasing 13.3% to $108.51 billion.Price: $79726.92, Change: $-1545.00, Percent Change: -1.90%
(Updates with the latest stock move in the headline and first paragraph.)Trade Desk (TTD) shares fell 4.9% in Friday trading after the company announced plans to reduce its workforce by 15%, with most of the cuts expected to be completed during Q3.The company expects to incur $39 million to $51 million in charges related to employee severance and benefit costs, partially offset by a reversal of $4 million to $5 million related to stock-based compensation, Trade Desk said in a regulatory filing.The company said it may incur additional charges or cash expenditures not currently anticipated as it implements the plan.Price: $14.35, Change: $-0.74, Percent Change: -4.94%
(Updates with recent stock movement in the headline and the first paragraph.)Quanex Building Products (NX) shares rose nearly 18% in Friday trading, a day after the company reported fiscal Q3 adjusted earnings and revenue that topped analysts' estimates.The company posted fiscal Q3 adjusted earnings of $0.79 per diluted share, up from $0.69 a year earlier.Four analysts polled by FactSet expected $0.66.Revenue for the quarter ended July 31 was $501.8 million, up from $495.3 million a year earlier.Four analysts expected $497.5 million.Price: $22.12, Change: $+3.36, Percent Change: +17.88%