Former Movement Labs Co-Founder Launches Nyx Group, Plans to Invest $100 Million to Support Token Projects

By: theblockbeats.news|2025/12/11 13:15:59

BlockBeats News, December 11th. According to The Block, former Movement Labs co-founder Rushi Manche and several unnamed partners have launched Nyx Group. Nyx Group plans to inject up to $100 million into the liquidity market while providing operational support to token issuance projects' founders. Nyx Group has been operating for several months and has made some initial investments, but specific details have not been disclosed. It is expected that this funding will be deployed over the next few years.

Rushi Manche previously co-founded Movement Labs. Earlier this year, controversy arose as Manche was involved in a market-making arrangement related to 66 million MOVE tokens (approximately 5% of the total supply). Movement Labs subsequently terminated its collaboration with Manche.

The European Blockchain Convention 11 (EBC11) took place on October 16-17, 2025, in the heart of Barcelona at the renowned Fira Barcelona. As one of Europe's most influential blockchain events, it attracted over 6000 attendees, with more than 300 speakers and 200 sponsors, offering a fantastic opportunity for networking and learning. WEEX, as a Silver Sponsor, brought an exciting energy to the event, showcasing the platform’s ambition to bring its presence in Europe to the next level. The atmosphere was electrified by a mix of cutting-edge crypto technology and the world of sports, setting the stage for WEEX to make a splash!

WEEX's EBC11 Juggle Challenge: Pre-Event Buzz with Michael Owen

Leading up to the event, WEEX created a buzz through the WEEX x Michael Owen Juggle Challenge on social media. The challenge invited crypto and football fans alike to show off their juggling skills, with participants posting their attempts on social media. The initiative was a huge success, attracting 200+ participants. This challenge perfectly combined the worlds of crypto and football, setting the stage for an unforgettable EBC11 experience. With these impressive numbers, it’s clear that the Crypto + Football passion was already heating up well before the event kicked off!

WEEX's On-Site Excitement: Engaging Games and Prizes Galore

Once at the EBC11 booth, WEEX impressed booth visitors with its next-level services, especially its all-round support and benefits for KOLs, which is proved by being awarded as "Most KOL Friendly Exchange" by 150 top-tier influencers last month. At the venue, WEEX ramped up the energy with an engaging on-site version of the Juggle Challenge. The atmosphere was buzzing as booth visitors, including KOLs and soccer talents, showcased their football juggling prowess. Participants had the chance to win exciting WEEX-branded rewards, further enhancing the event experience. The crowd’s energy skyrocketed, making WEEX the center of attention, and turning the event into a celebration of crypto, football, and fun. With such a lively and interactive atmosphere, it’s no wonder that WEEX became the talk of the convention.

Looking Ahead: What's Next for WEEX in 2025

Reflecting on WEEX's participation at EBC11, it’s clear that this event played a crucial role in raising the platform’s visibility and strengthening its ties with the European blockchain community. But the excitement doesn’t stop here! WEEX is gearing up for Blockchain Life 2025 in Dubai (October 28-29) and will follow that up with an AI Trading Hackathon at the end of November. These events will bring together the best minds in AI and crypto, creating new opportunities for innovation and talent discovery. With WEEX at the forefront of these cutting-edge initiatives, the future looks bright for both crypto traders and blockchain developers. Stay tuned, as WEEX continues to lead the way into the next chapter of blockchain and AI-driven trading.

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Disclaimer:

WEEX does not currently conduct any virtual asset activities in Europe and has not been licensed by any European regulatory authorities. WEEX will only engage in virtual asset activities in Europe upon obtaining the necessary licenses from the relevant regulatory bodies.

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