Top-rated cryptocurrency payment gateway NOWPayments recently revealed that employers can now use its solution to pay employees’ salaries in XRP. NOWPayments noted in a recent blog post that paying salaries in XRP would help to boost companies’ efficiency while reducing transaction costs.

San Francisco-based crypto exchange Coinbase has regurgitated its commitment to support the upcoming airdrop of Flare Network’s tokens (FLR). In a tweet yesterday, Coinbase noted that it would honor its prior commitment to its customers by supporting the distribution of FLR to users who held XRP at the time of the snapshot, December 12, 2020, at 00:00.

As per data from the crypto transaction tracker service Whale Alert, two sizable XRP transactions have been spotted on the chain during the past day. The first of these transfers involved a movement of just under 50 million coins, worth around $18.8 million at the time of the transaction. Such large transfers are usually a sign of activity from either a single whale or an entity made up of multiple large investors.

Over the past 24 hours, Whale Alert reported that these high-net-worth crypto investors shuffled a whopping 392,764,221 (392.76M) XRP coins. The massive XRP shuffling comes as rumors about a possible settlement in the ongoing lawsuit between Ripple and the SEC set in. 

XRP News: As the <a href="https://coingape.com/xrp-lawsuit-is-ripple-losing-this-key-battle-against-sec/" target="_blank">XRP vs US SEC lawsuit</a> is moving toward the Summary Judgement phase more and more speculations are hitting the market. However, crypto whales seem to be unaffected by the hearsay in the market and are still accumulating the XRP token.

Charles Hoskinson, the founder of Cardano, has recently stated that a settlement in the ongoing lawsuit between Ripple Labs and the United States Security and Exchange Commission (SEC) would have a catastrophic implication on the crypto industry.

Founder of Crypto Law, attorney John Deaton, has expressed confidence that the outcome of LBRY’s lawsuit will not determine Ripple’s case.

John Deaton, XRP holders’ lawyer in <a href="https://coingape.com/xrp-lawsuit-ripple-sec-seeks-deadline-whales-move-143-million-xrp/" target="_blank">the Ripple lawsuit</a> mentioned that he doesn’t argue with the people who say that Ripple helped to create a secondary market by giving the token to people. He added that he doesn’t challenge them as most of the projects have done the same.

During the past 30 days, the crypto asset xrp has gained more than 17% in value against the U.S. dollar. Meanwhile, the crypto community has been noticing significant xrp whale movements during the past week as one whale moved 143,000,000 xrp worth more than $55 million on Dec. 9, and another whale moved 40,000,000 xrp worth more than $15 million from the exchange Bitso to an unknown wallet.

Ripple and the US SEC asked the district court to set a deadline of January 4, 2023, for sealing portions related to the briefs. If not then waive any objections to the court’s ruling on the parties’ sealing application.