diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7ad72282..c8540db7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 All notable changes to this project will be documented in this file.
 
+## [Unreleased] - 9999-99-99
+
 ## [1.11.0] - 2025-07-29
 ### Added
 - Added support for Exchange V2 proto queries and types
diff --git a/pyproject.toml b/pyproject.toml
index 1d607918..a49a414f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "injective-py"
-version = "1.11.0"
+version = "1.12.0-rc1"
 description = "Injective Python SDK, with Exchange API Client"
 authors = ["Injective Labs <contact@injectivelabs.org>"]
 license = "Apache-2.0"