diff --git a/CHANGELOG.md b/CHANGELOG.md
index f778d3e..24c203d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,17 @@
 
 ### Deprecated
 
+## v0.7.0
+
+### Changed
+
+- Started using caret dependencies
+- Updated dependency nix 0.24 -> 0.25
+- Updated depepdency log 0.4.6 -> 0.4.17
+- Updated dependency vhost 0.4 -> 0.5
+- Updated dependency virtio-queue 0.5.0 -> 0.6
+- Updated dependency vm-memory 0.7 -> 0.9
+
 ## v0.6.0
 
 ### Changed
diff --git a/Cargo.toml b/Cargo.toml
index f26a30c..7d9fee2 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "vhost-user-backend"
-version = "0.6.0"
+version = "0.7.0"
 authors = ["The Cloud Hypervisor Authors"]
 keywords = ["vhost-user", "virtio"]
 description = "A framework to build vhost-user backend service daemon"