Bitcoin soars past $107,000! Sun Yuchen bets $75 million on Trump, Texas Bitcoin reserve is about to land!

Bitcoin once broke through $107,000, and the Texas Bitcoin Reserve bill has entered the third reading stage, soon to become the third official hoarding state. Sun Yuchen spent $75 million to buy Trump’s official meme coin and will attend the Trump crypto gala on May 22, becoming the largest holder.

The Texas SB 21 bill has received overwhelming support and is awaiting the governor's signature to take effect. The bill allows state-level Bitcoin reserves, referencing New Hampshire’s experience, requiring the market capitalization of altcoins to reach $500 billion. This move marks the trend of U.S. states competing to stabilize their finances with digital assets.

Trump's side plans to hold exclusive events for the top 25 coin-holding wallets, further stimulating market attention. Sun Yuchen continues to increase his holdings through the supported crypto platform, demonstrating confidence in Trump coin and the future of cryptocurrency.

On the technical side, Bitcoin options trading is active, with a surge in open interest for contracts with a $300,000 strike price, indicating market bets on new highs. Analysts point out that the increase in demand for call options may lead to significant price volatility, with option sellers hedging driving buying pressure.

The market overall benefits from the easing of U.S.-China tariffs and capital inflows, with improvements in the macro environment boosting the popularity of crypto assets. Experts predict that Bitcoin breaking through historical highs is just around the corner, and after entering unknown territory, the upward trend is hard to predict.

Summary: Bitcoin hits a new high again, Trump’s camp strongly increases its stake, the Texas hoarding process accelerates, the options market bets on future outbreaks, and the global crypto market enters a new round of frenzy.