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BlockBeats News, March 12, according to official sources, wallet provider Exodus Movement, Inc. reported a net loss of $11.4 million for the full year of 2025, while achieving a net profit of $113 million in 2024. Although the company reported record annual revenue of $121.6 million, a 5% year-over-year increase, it still incurred a loss. The record revenue was attributed to the growth of its business-to-business product, XO Swap. The company stated that its annual swap transaction volume grew by 21% to $6.89 billion, contributing 19% of fourth-quarter revenue. The main reason for the loss was a net loss of $18.9 million in digital assets in 2025, compared to a profit of $96.1 million in 2024. Operating expenses also rose sharply, with technology, development, and user support costs increasing by 37% to $62.9 million, while general and administrative expenses grew by 68% to $66.3 million. The downturn in the cryptocurrency market was reflected in the fourth quarter's performance, as the company's revenue dropped 34% from $44.8 million in Q4 2024 to $29.5 million. The net loss in Q4 2025 widened to $53.2 million, including a $63.6 million loss in digital assets.

ChainCatcher news, according to Cointelegraph, the Utah HB243 bill has been submitted to the governor for signing, defining "proposition betting" as gambling and aiming to ban prediction market platforms such as Kalshi and Polymarket from operating in the state. Governor Spencer Cox stated he will sign the bill.

格隆汇 March 12｜Citigroup has raised the target price for Oracle Corporation from $310 to $320.