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Bitcoin Rises As Trump Urges Congress To Advance Clarity Act

Bitcoin rose more than 5% to $72,383.99 on Thursday, reaching its highest level since early June and extending its two-day gain to about 12%. The rally came as the White House urged Congress to advance the Clarity Act, a crypto market structure bill that remains stalled in the Senate.

Bitcoin had traded near $63,000 earlier in the week. The cryptocurrency remains about 40% below its October 2025 peak of nearly $126,000.

Risk Appetite Returns To Crypto

A decline in Treasury yields on Wednesday helped lift demand for risk assets, including cryptocurrencies. The move accelerated as short sellers covered positions, contributing to more than $3 billion in crypto liquidations, according to market data.

Crypto-linked stocks also gained. Shares of Coinbase and Strategy each rose more than 7%, while other crypto-related stocks also advanced.

White House Pushes For Clarity Act Vote

The policy focus intensified after the White House hosted executives from major crypto companies, including Coinbase, Kraken and Robinhood. President Donald Trump urged Congress to pass what he called “a fair version” of the Clarity Act before the end of the year.

The legislation remains contested over ethics provisions. Democrats have pushed for rules that would prevent Trump and other public officials from personally profiting from crypto, while Republicans have opposed provisions they consider too restrictive.

Senate Vote Is The Next Test

The Clarity Act would establish a regulatory framework for digital assets and clarify the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill has stalled in the Senate amid disagreements over its provisions.

The next major test is scheduled for Sept. 15, when the Senate is expected to hold a procedural vote. Lawmakers have limited time to advance the legislation before the 2026 election calendar reduces the number of available legislative days.

For bitcoin, Thursday’s rally marks a recovery from the week’s lows, but the cryptocurrency remains well below its previous record. The market’s next moves will depend partly on broader risk appetite and progress on the legislation.

Europe’s Deadly Summer Heat Exposed The Cost Of A Warming Continent

Europe experienced its deadliest summer for heat-related deaths on record in 2026, with an estimated 24,400 excess deaths linked to extreme temperatures across 30 countries. Researchers estimate that human-induced climate change was responsible for around 32,000 of the deaths attributed to heat in the study’s broader analysis, accounting for 65% of the total.

The findings highlight the growing public-health consequences of global warming, largely driven by fossil fuel use, as extreme heat becomes more frequent and severe.

A Summer Of Dangerous Heat

Between June and August, heatwaves pushed temperatures in Western Europe to an average of 2.9°C above the 1991–2020 norm, with some days reaching 12°C above average. Nearly a third of estimated heat-related deaths occurred during a particularly intense heatwave between 17 June and 1 July.

“These numbers are a stark reminder that our hotter, more extreme summers are having an increasingly severe impact on public health,” said Dr Clair Barnes, a researcher at Imperial College London and co-author of the study.

The estimated toll exceeded previous peaks of around 29,000 deaths in summer 2022 and 28,000 in 2003 across the region studied.

How Researchers Estimated The Toll

Researchers modelled the relationship between temperature and mortality across 854 urban areas in the EU, UK, Norway and Switzerland, covering around 40% of the population in the 30 countries studied.

The analysis incorporated temperature records, age, socioeconomic conditions, environmental factors and access to healthcare. By comparing actual temperatures with those expected without human-induced warming, the team estimated the additional deaths attributable to climate change.

Final official mortality figures for summer 2026 are not yet available in many countries, and heat-related deaths are often underreported because their effects can be difficult to identify directly.

Older People Face The Greatest Risk

People aged 85 and over accounted for roughly half of the estimated deaths. However, the impact extended across age groups, with around 800 excess deaths among adults aged 20–44 and approximately 6,000 among people under 65.

Southern Europe experienced the highest mortality burden, reflecting hotter temperatures and other vulnerabilities, including air pollution, limited green space and unequal access to healthcare and heat-alert systems.

Italy, France And Spain Record Highest Toll

Italy recorded an estimated 13,303 heat-related excess deaths, followed by France with 7,268 and Spain with 6,824. Germany recorded around 6,340, while the UK saw an estimated 4,354 deaths.

In the UK, the heat also placed significant pressure on healthcare services. Andrew Hartle, Professor of Practice of Anaesthesia at Imperial College Healthcare, said demand during the summer resembled that of a severe winter virus season.

Cities Urged To Strengthen Heat Protection

Researchers say cities can reduce the risks through climate shelters, external shading and building retrofits, alongside measures to help residents avoid exposure during the hottest hours. Checking on vulnerable people, staying hydrated and following heat alerts are also important.

The researchers stress that adaptation must go hand in hand with reducing fossil fuel use to limit further warming. The findings underline that extreme heat is already a major public-health threat across Europe, with thousands of lives at risk each summer.

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