[Former Movement Labs Co-Founder Rushi Manche Establishes Nyx Group with Plans to Invest $100 Million] Former Movement Labs Co-Founder Rushi Manche has announced the establishment of a new investment firm, Nyx Group, which plans to inject up to $100 million in liquidity into projects preparing to issue tokens, while also providing operational support in areas such as compliance, community, and governance. The firm has already commenced operations, focusing on projects with active users, revenue, and community-driven market traction, aiming to bridge the gap in funding and guidance for entrepreneurs. Manche was previously dismissed from Movement Labs due to allegations of market manipulation involving 66 million MOVE tokens, with related legal proceedings still ongoing.