diff --git a/ChangeLog b/ChangeLog
index 0ec4a736..5f173f2a 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,8 @@
+2025-02-06 1.8.0
+
+* Numerous small optimizations.
+* Added `key_cache` option to `Unpacker`.
+
 2024-11-11 1.7.5
 
 * Rerelease 1.7.4 with fixed java package.
diff --git a/lib/msgpack/version.rb b/lib/msgpack/version.rb
index a37fa727..bf8e8107 100644
--- a/lib/msgpack/version.rb
+++ b/lib/msgpack/version.rb
@@ -1,5 +1,5 @@
 module MessagePack
-  VERSION = "1.7.5"
+  VERSION = "1.8.0"
   # Note for maintainers:
   #  Don't miss building/releasing the JRuby version (rake buld:java)
   #  See "How to build -java rubygems" in README for more details.