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Iran ‘prefers diplomacy’ but if there’s a war, Tehran says it’s ready

Iran ‘prefers diplomacy’ but if there’s a war, Tehran says it’s ready

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Iran and the US traded threats as President Donald Trump warned of renewed strikes a day after he said he held off a major assault in hopes of a peace deal. Reporting from Tehran, FRANCE 24’s Reza Sayah says Iranian officials have maintained their position that “they prefer diplomacy. They don’t see a military solution to this conflict,” he explains. “But if there’s a war, they’re ready for it.”

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Trump-Linked Crypto Company Notes ‘Substantial Doubt’ It Can Survive Another 12 Months<img src="https://gizmodo.com/app/uploads/2026/05/crypto-tokens-memecoins-blockchain-1280x853.jpg" /><br><div> <p><span style="font-weight: 400;">In </span><a href="https://www.sec.gov/Archives/edgar/data/862861/000149315226024169/form10-q.htm"><span style="font-weight: 400;">a recent SEC filing</span></a><span style="font-weight: 400;">, AI Financial has indicated that it may not be able to survive another year writing, “These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued.”</span></p> <p><span style="font-weight: 400;">AI Financial is a publicly-traded company that serves as a major holder of World Liberty Financial’s WLFI tokens. In its quarterly report for the period that ended March 28th, the company posted a net loss from continuing operations of $271.3 million during the quarter, driven largely by a $348.3 million unrealized loss on its massive WLFI token holdings. The company reported only $4.7 million in revenue for the quarter (all from its fintech segment), and it ended the period with $10.5 million in cash and a $5.5 million working-capital deficit, while burning $12.3 million in operating cash flow.</span></p> <p><span style="font-weight: 400;">However, management did also outline several potential paths to stabilize the business in their recent filing. The company had already secured a $15 million loan from World Liberty Financial in late January, providing some short-term breathing room. More importantly, it controls approximately 7.28 billion WLFI tokens, which were valued at about $706 million on the balance sheet at quarter end. Those tokens were acquired in August 2025 and remain subject to contractual lock-up provisions until around August 2026. Once unlocked, the company hopes to monetize portions of the position to cover operating needs, alongside plans for fintech revenue growth and possible additional debt or equity raises.</span><span style="font-weight: 400;"> </span></p> <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> <p lang="en" dir="ltr">Trump says he knows nothing about the $500M Abu Dhabi investment in his family’s WLFI crypto project.</p> <p>“I don’t know about it… my family is handling it.” <a href="https://t.co/sBEfXO1FCK">pic.twitter.com/sBEfXO1FCK</a></p> <p>— TFTC (@TFTC21) <a href="https://twitter.com/TFTC21/status/2018460890262331396?ref_src=twsrc%5Etfw">February 2, 2026</a></p></blockquote> <p><span style="font-weight: 400;">The ties between AI Financial and World Liberty Financial run deep. Zachary Witkoff serves as chairman of AI Financial while also acting as CEO and co-founder of World Liberty Financial. Board member Zachary Folkman is another World Liberty Financial co-founder. World Liberty Financial itself holds a substantial stake in AI Financial, including 1 million common shares plus warrants and pre-funded warrants that together represent roughly 46% ownership on a fully diluted basis. Notably, World Liberty Financial is a Trump family project. Donald Trump is listed as co-founder emeritus and chief crypto advocate. His sons Eric Trump, Donald Trump Jr., and Barron Trump are co-founders and actively participate in the venture.</span></p> <p><span style="font-weight: 400;">In practice, AI Financial functions as a treasury company for the WLFI token. The strategy mirrors what </span><a href="https://gizmodo.com/michael-saylors-bitcoin-treasury-company-posts-12-5-billion-loss-boasts-that-people-are-still-giving-it-money-2000755338"><span style="font-weight: 400;">Michael Saylor has pursued at Strategy with bitcoin</span></a><span style="font-weight: 400;">, where the public company accumulates and holds the asset as its primary reserve. In AI Financial’s case, the reserve asset is the much newer WLFI token. Critics have occasionally labeled the Strategy approach as resembling a Ponzi scheme because it depends on continued capital raises and asset appreciation to sustain operations. Applying a similar model to WLFI introduces additional layers of risk given the token’s shorter history, higher volatility, and dependence on the success of a single Trump-affiliated crypto project.</span></p> <p><span style="font-weight: 400;">Although crypto-related projects </span><a href="https://gizmodo.com/trump-family-makes-1-4-billion-off-crypto-in-2025-offsetting-losses-elsewhere-2000711770"><span style="font-weight: 400;">reportedly</span></a><span style="font-weight: 400;"> increased the Trump family fortune by $1.4 billion in 2025 alone, a number of these </span><a href="https://gizmodo.com/trump-crypto-projects-facing-lawsuit-potential-ethics-crackdown-and-more-2000753731"><span style="font-weight: 400;">Trump-linked projects have faced trouble this year</span></a><span style="font-weight: 400;">. Most recently, </span><a href="https://gizmodo.com/trump-linked-world-liberty-financial-accuses-victimized-crypto-billionaire-of-defamation-2000754267"><span style="font-weight: 400;">World Liberty Financial filed a defamation lawsuit</span></a><span style="font-weight: 400;"> against crypto billionaire Justin Sun in Florida after Sun accused the project of improperly freezing his token holdings and pressuring him for further investments. Sun had previously purchased billions of WLFI tokens and served in an advisory role.</span></p> <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> <p lang="en" dir="ltr">The perceived corruption associated with the CZ pardon will look even worse if the Samourai Wallet devs aren’t pardoned for similar charges.</p> <p>How much of World Liberty Financial’s USD1 stablecoin does one need to hold to receive a pardon? <a href="https://t.co/UwFQgJwhVc">https://t.co/UwFQgJwhVc</a></p> <p>— Kyle Torpey (@kyletorpey) <a href="https://twitter.com/kyletorpey/status/1991308456746189227?ref_src=twsrc%5Etfw">November 20, 2025</a></p></blockquote> <p><span style="font-weight: 400;">According to data from CoinMarketCap, the TRUMP memecoin is down 84% over the past year and World Liberty Financial’s WLFI token is down 73%.</span></p> <p><span style="font-weight: 400;">Going forward, a key area of concern for many Trump-affiliated crypto businesses will likely be the </span><a href="https://www.theblock.co/post/401375/decisive-turning-point-crypto-industry-cheers-clarity-act-progress-ethics-questions-linger-next-vote"><span style="font-weight: 400;">potential inclusion of ethics or corruption-related provisions in the crypto regulatory bill known as the CLARITY Act</span></a><span style="font-weight: 400;">, which is currently making its way through the U.S. Senate. The legislation advanced out of the Senate Banking Committee on a 15-9 vote in mid-May 2026, but several Democrats have signaled they will block final passage unless it includes stronger language that would restrict the president, vice president, and their families from certain digital asset transactions.</span></p> <p><span style="font-weight: 400;">Much of the investment into these projects has drawn scrutiny over alleged conflicts of interest, including the </span><a href="https://gizmodo.com/former-doj-official-trumps-crypto-pardon-is-unprecedented-corruption-2000687830"><span style="font-weight: 400;">pardon granted to former Binance CEO Changpeng Zhao</span></a><span style="font-weight: 400;">, the administration’s approval of hundreds of thousands of advanced Nvidia AI chips for the United Arab Emirates shortly after </span><a href="https://gizmodo.com/more-corruption-allegations-levied-at-trump-over-newly-revealed-uae-crypto-deal-2000716952"><span style="font-weight: 400;">a UAE royal invested $500 million in World Liberty Financial</span></a><span style="font-weight: 400;">, and the aforementioned Sun’s ability to </span><a href="https://gizmodo.com/sec-settles-case-against-investor-in-trump-linked-crypto-projects-amid-pay-to-play-allegations-2000730615"><span style="font-weight: 400;">settle a prior SEC enforcement case</span></a><span style="font-weight: 400;"> after pouring </span><a href="https://www.theblock.co/post/383577/justin-suns-locked-world-liberty-tokens"><span style="font-weight: 400;">an estimated $175 million</span></a><span style="font-weight: 400;"> into Trump-linked crypto tokens.</span></p> </div><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>#TrumpLinked #Crypto #Company #Notes #Substantial #Doubt #Survive #MonthsCryptocurrencies,Donald Trump,World Liberty Financial

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