Received second update that reverted the game to staying afloat (Xbox)

I have this problem as well. I just got done defeating Ancient Guardian, after that I was about to spawn Rabbit King and then got an error message saying I need an update and I have to close the game. I downloaded the update and it put me back into the staying afloat update. Can someone let me know how to fix this.

I have confirmed that once the update is fixed, your worlds will become playable again, I have done a test on a separate save that includes me downgrading and updating the game. And everything works perfectly fine, just be patient and wait until the update comes out.