Cryptocurrency Market Update: Bitcoin Down 5.5%, Top Cryptocurrencies Fall, and Morgan Stanley Expands Crypto Access.

Bitcoin has fallen 5.5% to $114,505, while top cryptocurrencies have also declined. Morgan Stanley is broadening access to crypto investments for all clients. Bitfarms has converted a debt facility into $300 million funding for a Pennsylvania data center campus. Kalshi has raised over $300 million in a new funding round. Canaan Inc. has reported unaudited production results for September 2025.

Bitcoin's Recent Decline and Morgan Stanley's Policy Shift

Bitcoin has experienced a significant drop, falling by 5.5% to $114,505, as of September 12, 2025. This decline comes amidst broader market volatility, with top cryptocurrencies also recording losses. Despite the downturn, Morgan Stanley has announced a notable shift in its investment policy, aiming to broaden access to cryptocurrency funds for all clients. Starting October 15, Morgan Stanley's wealth management division will allow clients to invest in crypto funds through individual retirement accounts (IRAs) and 401(k)s, marking a significant departure from its previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile Morgan Stanley opens crypto funds to all clients^[1].

Bitfarms Secures $300 Million for Pennsylvania Data Center Campus

Bitfarms Ltd., a North American digital infrastructure company, has secured a $300 million facility for its data center campus development in Panther Creek, Pennsylvania. The company has converted its private debt facility with Macquarie Group into a project-specific financing facility, enabling it to draw down on the full facility and accelerate construction timelines. The funds will be used to advance high-performance computing (HPC) and artificial intelligence infrastructure development, with groundbreaking expected to begin in Q4 2025 Bitfarms secures $300 million facility for Pennsylvania data center^[2].

Kalshi's Rapid Growth and Expansion

Kalshi, a prediction market platform, has seen a surge in valuation and growth. The company has raised over $300 million in a new funding round, valuing the platform at $5 billion. This funding round, led by Sequoia Capital, Andreessen Horowitz, and Coinbase Ventures, reflects Kalshi's expanding offerings and increasing global presence. The platform's trading volume has grown significantly, reaching over $1 billion in the week ending October 6, and Kalshi has announced plans to expand to more than 140 countries Prediction Market Kalshi's Valuation More Than Doubled to $5B in Just 3 Months. Here's Why.^[3].

Canaan Inc. Reports September 2025 Production Results

Canaan Inc., a leading manufacturer of ASIC-based mining equipment, has reported unaudited production results for September 2025. The company's financial performance and market position remain closely watched by investors, with its stock performance closely tied to Bitcoin's price movements.

References

Morgan Stanley opens crypto funds to all clients^[1] https://cointelegraph.com/news/morgan-stanley-crypto-fund-access-all-investors
Bitfarms secures $300 million facility for Pennsylvania data center^[2] https://au.investing.com/news/company-news/bitfarms-secures-300-million-facility-for-pennsylvania-data-center-93CH-4055888
Prediction Market Kalshi's Valuation More Than Doubled to $5B in Just 3 Months. Here's Why.^[3] https://www.investopedia.com/prediction-market-kalshi-valuation-has-more-than-doubled-to-usd5b-in-just-3-months-here-is-why-11828197