diff --git a/VERSION b/VERSION
index 4d74f32..534b316 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.62.0
+0.70.0
diff --git a/charts/spaces-operator/Chart.yaml b/charts/spaces-operator/Chart.yaml
index 6a8d42a..cb5a656 100644
--- a/charts/spaces-operator/Chart.yaml
+++ b/charts/spaces-operator/Chart.yaml
@@ -15,10 +15,10 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: 0.62.0
+version: 0.70.0
 
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "0.62.0"
+appVersion: "0.70.0"