diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0038cc79..414669a2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,11 +7,14 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## Unreleased
 
-### Added
+## [0.5.0] - 2024-09-11
 
-- Add support for Arbitrum-Mainnet
+### Added
+- Add Arbitrum-Mainnet support for Native transfers.
 - Add optional arguments to allow setting amount for payable contract method invocations
 
+## [0.4.0] - Skipped
+
 ## [0.3.0] - 2024-09-05
 
 ### Added
diff --git a/lib/coinbase/version.rb b/lib/coinbase/version.rb
index 60ee35ef..13584ac5 100644
--- a/lib/coinbase/version.rb
+++ b/lib/coinbase/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Coinbase
-  VERSION = '0.3.0'
+  VERSION = '0.5.0'
 end