FT: Circle’s Push for Reversible Transactions Rattles Crypto Purists

PANews reported on September 26th that, according to Onchain Lens, Machi (singer Huang Licheng) has opened a long position in XPL with 10x leverage. He also holds long positions in ETH (15x), HYPE (10x), and PUMP (5x), and currently faces a floating loss of approximately $20 million.

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The post Schiff: Get Ready for ‘Crypto Ice Age’ appeared on BitcoinEthereumNews.com. Cryptocurrency sell-off  Bearish Strategy warning  Controversial financial commentator Peter Schiff has predicted that the cryptocurrency sector is on track to enter a full-blown “ice age.”  We are not about to enter another crypto winter, as that implies another spring will soon follow. Get ready for a crypto ice age. Got gold? — Peter Schiff (@PeterSchiff) September 25, 2025 The gold bug argues that there will not be another “crypto spring,” meaning that the term “crypto winter” will not be appropriate for describing the upcoming market crash.  Cryptocurrency sell-off  Schiff’s dire warning comes amid a massive cryptocurrency sell-off that is taking place right now. Bitcoin, the leading coin, is down by 4% over the past 24 hours, according to CoinGecko data.  Altcoins are unsurprisingly performing way worse, with Ethereum (ETH) shedding as much as 8%. The flagship altcoin has now plunged by as much as 20% within just a single week.  Earlier today, Schiff gloated over Ethereum’s plunge below the $4,000 level.  Solana (SOL) and Dogecoin (DOGE) have also nose-dived by nearly 10%. Overall, $1.04 billion worth of crypto has already been liquidated over the past 24 hours.  It is worth noting that major equity indices are also on track to close in the red for the third consecutive day. The most recent bout of weakness was caused by stronger-than-expected GDP growth as well as a decline in jobless claims. The odds of the Federal Reserve implementing several rate cuts this year have dropped substantially following the recent economic data. This, of course, also affects risk assets of the likes of Bitcoin despite the fact that the cryptocurrency recently became less correlated with US equities. Bearish Strategy warning  While commenting on the recent market correction, Schiff said that he was not sure whether or not Strategy (MSTR) would be able to survive,…