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Crypto Trends

Ripple Vs. SWIFT Battle Heating Up As Exec Lands Major Blow To XRP

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Ripple and SWIFT’s battle for dominance is heating up, with an executive at the latter taking a dig at XRP, the bridge currency for the crypto firm’s payment service. The executive also explained why businesses are unlikely to trust Ripple despite the conclusion of the SEC lawsuit. 

SWIFT Executive Makes Criticism Against Ripple and XRP

SWIFT Chief Innovation Officer (CIO) Tom Zschach said on LinkedIn that surviving lawsuits isn’t resilience, in response to a post that praised Ripple and XRP for battling through the SEC lawsuit. The executive claimed that neutral and shared governance is what resilience is about and that institutions won’t want to live on a competitor’s rail. 

With his comment, Zschach again raised the issue of centralization in the XRP ecosystem. The XRP Ledger and its native token have been largely criticized as being majorly dominated by Ripple, although the crypto firm has denied this. With his statement, the SWIFT CIO also suggested that most institutions won’t want to use the XRP Ledger or XRP since Ripple is a direct competitor to them. 

Notably, Ripple has applied for a national banking license, which, if approved, would put it in the same league as banks that the crypto firm aims to onboard onto its payment rail. This is unlike SWIFT, whose operation is simply to serve these banks and doesn’t operate as a competition to them. However, Ripple’s payment solutions utilize blockchain technology, which is faster, giving it an edge over SWIFT. 

Interestingly, Zschach’s comment comes at a time when Ripple executives are being criticized for dumping XRP, with crypto pundit Bitlord threatening to take action against the crypto firm if they don’t stop selling their holdings. 

The crypto pundit opined that the crypto firm may be selling their holdings because they are unprofitable and are facing too much competition. Bitlord also opined that governments won’t adopt Ripple’s technology and that banks will choose to launch their payment rails instead of using the crypto firm’s.

Ripple Is Going About Compliance The Wrong Way

The SWIFT CIO also responded to the praise about how Ripple has been vocal about prioritizing compliance by working hand-in-hand with regulators. Zschach said that compliance isn’t about one company convincing regulators that it should be allowed to operate. Instead, he said that it is about an entire industry agreeing on shared standards that no single balance sheet controls. 

It is worth mentioning that XRP Scan data shows that the top seven XRP holders are Ripple escrow accounts. These wallet addresses alone collectively hold about 32% of the token’s total supply. This explains why the XRP Ledger continues to be criticized for not being as decentralized as other blockchain networks. On-chain sleuth ZachXBT recently described XRP holders as “exit liquidity” for insiders.

XRP trading at $2.83 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Yooka-Replaylee lands autumn release date
Game Updates

Yooka-Replaylee lands autumn release date

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Those of you looking to jump back into the platforming world of Playtonic’s Yooka-Laylee thanks to the spruced up version known as Yooka-Replaylee, I have good news. You don’t have much longer to wait.

Yooka-Replaylee will be released across PC, PlayStation 5, Xbox Series X/S and Nintendo Switch 2 on 9th October. It will retail for £24.99 here in the UK, though if you already have the original game on your chosen platform you will get 30 percent off.

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“Yooka-Replaylee is built to shine on every platform, and we’re chuffed to bits it’s on Switch 2 from day one, it holds a special place in our hearts (and hands),” said Gavin Price, studio director at Playtonic.”It’s bigger, brighter, bolder, and packed with all the little touches we always dreamed of. We can’t wait for players to jump in.”

“It’s rare to see a game get this kind of second life – not as a remaster, but as a true reinvention,” added Ami Blaire, chief marketing officer at PM Studios. “It’s the kind of release that reminds you why I fell in love with platform games in the first place.”

You can check out a new trailer for Yooka-Replaylee below.

Yooka-Replaylee release date trailer. Watch on YouTube

On Yooka-Replaylee’s release, fans can expect the following key features:

  • REFINED STORY – The events of the first game are relived and retold by the main characters, Yooka and Laylee. New sequences and plot points have been added throughout the adventure at key milestones too.
  • MORE BEAUTIFUL THAN EVER – With an art and animations overhaul and enhanced performance and resolution, the favourite buddy duo has never looked or moved better.
  • BRAND-NEW REXTRO’S ARCADE – The old minigames are no more! Instead you’ll jump into the feet of Rextro the dinosaur and undertake brand-new isometric platforming challenges for collectible rewards.
  • NEW COLLECTIBLE CURRENCY – Capital B’s inept minions have dropped their hard-earned coins all over the place. Collect the official currency of the Hivory Towers to spend on video games’ most beloved sentient vending Machine.
  • VENDI HAS PLENTY TO OFFER – Tonics are back with all new flavours! With the option to equip multiple game-changing enhancements, you can truly customise your playstyle. And as if that wasn’t enough, Vendi has new lines of merchandise for the modern fashionable adventurer.
  • NAVIGATING THE WORLD – Yooka-Replaylee introduces a brand-new map and collectibles tracker, making it easier for you to traverse the environments, track NPC and Pagie locations along with tracking their progress. We’re also introducing a new character in the form of (book)Mark who acts as your warp point and guide.
  • REVISED CONTROLS & CAMERA – The buddy-duo now has access to their entire move set from the start of the game and can sequence the moves together a lot smoother than in the original game. This combined with the revamped camera controls makes Yooka-Replaylee feel like a lot more modern, snappier experience while also directly addressing player feedback on the original game.
  • A DREAMY ORCHESTRAL SOUNDTRACK – The original score from famed video game composers Grant Kirkhope (Banjo-Kazooie) and David Wise (Donkey Kong Country) returns but as a beautifully arranged orchestral score. Now seriously, clean out those ears.

Image credit: Playtonic Games

“Right now, and after only a short time with it, Yooka-Replaylee is something I can absolutely picture children perhaps a little younger than my own – who are 12 and 10 – whiling away some pleasurable hours with,” I said in Eurogamer’s Yooka-Replaylee preview.

“There are items to collect, secrets to discover, baddies to bop and the colours are a kaleidoscope of joy. Even though overall it was relatively simple, it made me chuckle and smile.”

This is a news-in-brief story. This is part of our vision to bring you all the big news as part of a daily live report.



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Line chart showing an 8% decline in XLM price against USD on August 28-29 with high trading volume amid institutional selling pressure and partial recovery.
Crypto Trends

Flare Lands Second Public Company For its XRP DeFi Framework

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XRP’s slow push into institutional finance just picked up another backer.

Data-focused blockchain firm Flare announced on Friday that Everything Blockchain Inc. (OTC: EBZT), a U.S.-listed company, has signed a memorandum of understanding to adopt its XRP finance (XRPFi) framework for corporate treasury yield.

The move comes months after Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR) committed $100 million in XRP to Flare’s ecosystem, making EBZT only the second public company to do so.

The agreements mark early steps in Flare’s effort to turn XRP — historically a non-yielding asset — into a productive instrument for institutions.

At the center of the framework is Flare’s “FAssets” system, a trustless bridge that gives smart contract functionality to tokens like XRP and bitcoin. Combined with Firelight, Flare’s restaking layer, the setup lets companies convert XRP into FXRP and allocate it across decentralized lending, staking and liquidity protocols.

“XRP, now a roughly $150 billion asset, has been a cornerstone of digital finance for more than a decade, yet institutions have had few ways to make it productive,” said Hugo Philion, Flare’s co-founder and CEO.

“Flare changes that by enabling a compliant, on-chain, non-custodial yield framework designed for corporate treasuries. With VivoPower and now Everything Blockchain, public companies are validating that XRPFi is not just a concept but an emerging institutional standard,” he added.

EBZT framed its decision as part of a broader shift in how public companies treat blockchain assets.

“This is about unlocking the true financial utility of digital assets like XRP, not just as speculative holdings, but as yield-bearing instruments that can compound over time,” said Arthur Rozenberg, the company’s CEO. “Flare gives us the rails to do this in a way that meets the governance, security, and auditability standards required of public companies.”

For now, the XRPFi push remains small in dollar terms relative to bitcoin or ether-based treasury pilots.

But two listed companies publicly adopting the model in under a year gives XRP a new narrative: less about speculation, more about yield, and potentially a step toward more mainstream corporate balance sheets.



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crypto
GameFi Guides

Bo Hines Leaves White House Role And Lands At Tether

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Bo Hines has joined Tether Inc. just days after stepping down from his role in US President Donald Trump’s crypto task force, taking a job that will push the company’s foray into the US market.

According to reports, Hines will serve as Strategic Advisor for Digital Assets and United States Strategy and will focus on aligning Tether’s business with incoming rules under the GENIUS bill.

He left the White House post on August 9 and, based on reports, fielded offers from about 50 projects before choosing Tether.

Rapid Transition To Private Sector

The move came fast. Reports have disclosed that Hines resigned and within a week became one of the most sought-after figures in crypto.

Paolo Ardoino, Tether’s CEO, framed the hire as part of a broader US expansion plan and said Hines’ knowledge of Washington will help the firm navigate new rules.

Hines had been involved in promoting a “Made in USA” angle while at the task force, and he spent roughly seven months in that role.

Thrilled to join @Tether_to! Huge thanks to @paoloardoino & the team for the warm welcome. Excited to help build an ecosystem of digital asset products that set the standard for compliance & innovation—empowering U.S. consumers and reshaping our financial system. The best is yet… https://t.co/DloARijWkh

— Bo Hines (@BoHines) August 19, 2025

GENIUS Bill Puts Spotlight On Stablecoins

Lawmakers are now advancing clearer rules for stablecoins, and the GENIUS bill focuses largely on fiat-backed tokens. Based on reports, USDT’s reserve mix — partially backed by fiat and heavily weighted in US Treasury bills — may not fit neatly into the bill’s main outlines.

That gap is one reason Tether wants someone with policy experience who can talk to regulators and explain how USDT could operate under stricter rules. Hines is expected to meet with policy makers and other stakeholders to press Tether’s case.

Total crypto market cap currently at $3.8 trillion. Chart: TradingView

Tether’s Scale And Crypto Growth

Tether is a massive player. Reports place the firm among the top 15 holders of US Treasury debt with about $120 billion in bonds.

Supply metrics in 2025 underline that scale: 50 billion new USDT were minted on TRON and Ethereum this year, taking total USDT from 117 billion in January to over 160 billion.

Usage is concentrated in the Asia Pacific region and Europe, while in the US some dollar-based trading has shifted toward more regulated options like USDC on centralized platforms.

Hines’ hire signals that Tether sees both risk and opportunity in the US. According to statements, he’ll work to make Tether’s activities compatible with US rules and to push product work that aims for “stability, compliance, and innovation” — language Hines used to describe his goals.

Featured image from Allison Joyce/Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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