diff --git a/CHANGELOG.md b/CHANGELOG.md
index 145eba32bb9..1f3a7a1074f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,24 @@
 
 Friendly reminder, we have a [bug bounty program](https://hackerone.com/cosmos).
 
+## v0.34.24
+
+*Nov 21, 2022*
+
+Apart from one minor bug fix, this release aims to optimize the output of the
+RPC (both HTTP and WebSocket endpoints). See our [upgrading
+guidelines](./UPGRADING.md#v03424) for more details.
+
+### IMPROVEMENTS
+
+- `[rpc]` [\#9724](https://github.com/tendermint/tendermint/issues/9724) Remove
+  useless whitespace in RPC output (@adizere, @thanethomson)
+
+### BUG FIXES
+
+- `[rpc]` [\#9692](https://github.com/tendermint/tendermint/issues/9692) Remove
+  `Cache-Control` header response from `/check_tx` endpoint (@JayT106)
+
 ## v0.34.23
 
 *Nov 9, 2022*
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 4a3455dfae9..c62099fdbef 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -1,6 +1,6 @@
 # Unreleased Changes
 
-## v0.34.24
+## v0.34.25
 
 ### BREAKING CHANGES
 
@@ -18,10 +18,5 @@
 
 ### IMPROVEMENTS
 
-- `[rpc]` \#9724 Remove useless whitespace in RPC output (@adizere,
-  @thanethomson)
-
 ### BUG FIXES
 
-- `[rpc]` \#9692 Remove `Cache-Control` header response from `/check_tx`
-  endpoint (@JayT106)
diff --git a/version/version.go b/version/version.go
index cf0fb61eef6..d376c792542 100644
--- a/version/version.go
+++ b/version/version.go
@@ -5,7 +5,7 @@ var TMCoreSemVer = TMVersionDefault
 const (
 	// TMVersionDefault is the used as the fallback version of Tendermint Core
 	// when not using git describe. It is formatted with semantic versioning.
-	TMVersionDefault = "0.34.23"
+	TMVersionDefault = "0.34.24"
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer = "0.17.0"