On Sunday, U.S. Treasury Secretary Scott Bessent described asset market corrections as healthy, suggesting a greater tolerance for pain before the much-anticipated policy support or the so-called ‘Trump put» for the market, is enacted.

«I’ve been in the investment business for 35 years, and I can tell you that corrections are healthy, they are normal,” Bessent said Sunday on NBC’s Meet The Press, according to Bloomberg. “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”

Bessent’s comment contradicts popular belief that the Trump administration will quickly douse any fire stemming from the administration’s policy moves, particularly trade tariffs. President Donald Trump also recently clarified his stance, saying he is not looking at the stock market.

Wall Street’s tech-heavy index, Nasdaq, and the S&P 500 entered correction last week, falling over 10% from their February highs predominantly on concerns that Trump’s tariffs could slow economic growth while leading to sticky inflation.

Bitcoin (BTC), too, has taken a beating, down nearly 25% from the record highs above $109K in January, according to CoinDesk Indices data, tracking the risk-off on Wall Street and digesting disappointment over the absence of fresh BTC purchases under Trump’s strategic digital assets reserve plan.

The risk-off has revved up expectations of policy support from the government or the Federal Reserve (Fed), particularly in the crypto community.

However, Bessent’s take suggests that it may take longer to manifest or require more significant market declines before any action is taken. The Treasury secretary said last month that the Trump administration is focused on lowering the yield on the 10-year Treasury note, which influences most long-term loans in the economy.

Meanwhile, Fed Chair Jerome Powell and his colleagues stressed early this month that they are watching to see the “net effects” of Trump’s policies on the economy and are not in a hurry to cut rates.

Officials will meet for a rate review this week, with the decision due Wednesday.

Crypto exchange Kraken plans to launch a new colocation service in the coming weeks that will offer clients ultra-low latency trading, the company said in a press release Monday.

The service is for customers who need high speed execution, Kraken said, and traders operating out of London can expect latency of under a millisecond.

“Many exchanges offer colocation services, but Kraken’s approach is unique – we’re making it accessible to all partners and clients, not just institutions,» said Shannon Kurtas, head of exchange at Kraken, in the release.

Trading is all about speed, especially in volatile markets such as crypto, where a fraction of a second can make all the difference. Low latency services make use of sophisticated technology to give traders an edge by enabling them to execute orders in less than a millisecond.

«Colocation services in crypto are typically not widely accessible,» Kurtas said in emailed comments. «Kraken, however, has structured its offering to prioritize fairness and accessibility» and «our colocation service will be available to all clients, aligning with crypto’s core values of an open, fair, and transparent marketplace.»

«In addition to individuals and institutions who trade directly on Kraken, we also work with brokers, exchanges, and fintech companies that use our liquidity for their own products,» Kurtas said, and «these partners will also have access to colocation services once they become available.»

The exchange’s clients will have access to ultra-low latency trading from Kraken’s European data center by renting cloud compute from Beeks (BKS), a cloud computing and connectivity provider, that is listed in the U.K..

Select clients will be able to install physical hardware at Kraken’s data center, and access colocation services directly, the exchange said.

The crypto firm is considering launching an initial public offering (IPO) by the first quarter of 2026. The company believes the regulatory environment in the U.S. has sufficiently changed to make a public listing viable, Bloomberg reported earlier this month, citing people familiar with the matter.

Read more: SEC Plans to Drop Its Case Against Kraken, Firm Says

OKX has temporarily suspended its decentralized exchange aggregator after regulators in the European Union (EU) began looking at how it was used by North Korea to launder proceeds from a recent hack of crypto exchange Bybit.

Bloomberg reported on March 11 that the EU regulators were investigating OKX’s Web3 services for allegedly laundering funds from the Bybit hack, prompting OKX President Hong Fang and other executives to call Bloomberg’s report misleading and assert the company’s commitment to combating financial crime.

«We are addressing a tagging issue with explorers that highlights OKX DEX aggregator as the destination of trades when in fact, OKX DEX aggregator just looks for the best price to execute the order, and then the final order/trade is placed on one of the DEXs our aggregator connects to,» a spokesperson for OKX told CoinDesk in a Telegram message.

The spokesperson said that after consulting regulators, they proactively paused our DEX aggregator to implement new tagging and security upgrades.

«This decision ensures the transparency of how our software and systems work, along with the safety of our platform and users,» they continued.