India and Pakistan have agreed to a full and immediate ceasefire as of May 10, 2025, following a sharp military escalation that began with a deadly attack in Kashmir. The ceasefire was brokered by the United States after intense overnight talks. Over 60 people died during the brief conflict, and both countries suffered infrastructure damage. Global markets, including cryptocurrencies, reacted sharply to the tensions but stabilized after the truce. The agreement has been welcomed worldwide, with hopes it leads to longer-term peace.
