Phantom wallet enables 40x leverage trading, Physical Intelligence seeks $1 billion funding, Mercuryo launches Swaps, and other Web3 news

Users in the EU can now trade perpetual contracts with up to 40x leverage directly within the Phantom Web3 wallet, which supports multiple blockchains and aims to become the primary gateway for on-chain activity. (📰CoinMarketCap)
Tollan Games Studio has announced its first funding round, details of which remain undisclosed, alongside the upcoming release of its space game, Loot Planets. (📰eGamers.io)
Physical Intelligence is in talks to raise at least $1 billion at a nearly $20 billion valuation, despite currently having no revenue, and focuses on developing AI software for robotics. (📰Howl.Link)
Mercuryo has launched Swaps, allowing users to convert holdings across 38 digital tokens and multiple blockchain transport layers, with a focus on providing fixed quotes and zero slippage. (📰The Paypers)