Movement Labs co-founded Nyx Group and launched a $100 million crypto investment plan.

Odaily Planet Daily reports that Movement Labs co-founder Rushi Manche announced the formation of Nyx Group, with plans to invest up to $100 million to support cryptocurrency projects. This investment plan will provide liquidity and comprehensive operational support to projects preparing for token launches, including community building, financial management, and compliance guidance. It is understood that Rushi Manche was previously dismissed from his position at Movement Labs due to a controversy involving market-making arrangements for 66 million MOVE tokens. (The Block)