What if time was circular? That in the future all matter becomes compressed smaller than this period.

Then the process begins all over again, and that is the solution to the problem of infinite regress? It's counter intuitive but as NDT said, "the universe is under no obligation to make sense to you"

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Sicarium · 46-50, M

Doesn't look that way. The universe is still expanding, and the rate of expansion is speeding up.

Also, the idea of a singularity exploding into the big bang is about 20 years out of date. Although that hasn't made it into popular culture yet, and there's no consistent replacement so everyone's just been kind of shrugging their shoulders (besides the string theory crowd). If time didn't begin as a compressed point, time can't return to a compressed point to make it circular.

Really, everyone is pretty much waiting on the unified theory to move any further.