Ripple has announced the launch of perpetual real-world asset (RWA) swaps via its Ripple Prime service for institutional clients. The products cover more than 100 reference markets, including equities, stock indices, exchange-traded funds, metals, energy and currencies.

Losses from hacks on crypto projects over the past three months have reached $1.18 billion, according to Hacken. The biggest losses were suffered by the Bitget crypto exchange ($387 million), the Liquid Network ($120 million) and the Tectonic lending protocol ($120 million).