Boot stuck on LUKS after update

after the recent update that I performed today, I cannot boot my manjaro installation. I am prompted to input my password for LUKS and after Grub I see the usual /dev/mapper/luks-... print but the boot process doesn’t progress after that. I already tried all my installed kernels (5.10, 5.9, 4.15 and 4.9; not sure about the last one). The backup initramfs didn’t help either. My installed Nvidia driver is version 440 I believe.

Does anyone have an idea on what is the cause of this and how to fix the issue? I already went through a lot of forum posts but since I don’t get any error messages, I have no idea what to do.

Thanks in advance.