diff --git a/CHANGELOG.md b/CHANGELOG.md
index c7a946970..93673f9b6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,6 +22,11 @@ vNext
 -
 -
 -
+
+0.7.0
+-----
+- RNNCellBase refactor.
+
 0.6.11
 -----
 - Set Orbax-as-backend to be the default checkpointing method.
diff --git a/README.md b/README.md
index 91b76cd54..adf8902cb 100644
--- a/README.md
+++ b/README.md
@@ -197,7 +197,7 @@ To cite this repository:
   author = {Jonathan Heek and Anselm Levskaya and Avital Oliver and Marvin Ritter and Bertrand Rondepierre and Andreas Steiner and Marc van {Z}ee},
   title = {{F}lax: A neural network library and ecosystem for {JAX}},
   url = {http://github.com/google/flax},
-  version = {0.6.11},
+  version = {0.7.0},
   year = {2023},
 }
 ```
diff --git a/flax/version.py b/flax/version.py
index 42e0c787a..bf52b2c38 100644
--- a/flax/version.py
+++ b/flax/version.py
@@ -13,5 +13,5 @@
 # limitations under the License.
 
 """Current Flax version at head on Github."""
-__version__ = "0.6.11"
+__version__ = "0.7.0"