diff --git a/CHANGELOG.md b/CHANGELOG.md
index cef63eab1b..f845470e19 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## 1.42.0
+
+### Various fixes & improvements
+
+- build(deps): bump types-protobuf from 4.24.0.20240302 to 4.24.0.20240311 (#2797) by @dependabot
+- ref: Event Type (#2753) by @szokeasaurusrex
+- Discard open spans after 10 minutes (#2801) by @antonpirker
+- Add a method for normalizing data passed to set_data (#2800) by @colin-sentry
+- OpenAI integration (#2791) by @colin-sentry
+- Propagate sentry-trace and baggage to huey tasks (#2792) by @cnschn
+- ref: Improve scrub_dict typing (#2768) by @szokeasaurusrex
+
 ## 1.41.0
 
 ### Various fixes & improvements
diff --git a/docs/conf.py b/docs/conf.py
index 8a53738e61..48bf8dc82e 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,7 +30,7 @@
 copyright = "2019-{}, Sentry Team and Contributors".format(datetime.now().year)
 author = "Sentry Team and Contributors"
 
-release = "1.41.0"
+release = "1.42.0"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index e4edfddef1..83076c762f 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -320,4 +320,4 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.41.0"
+VERSION = "1.42.0"
diff --git a/setup.py b/setup.py
index 0299bf91fb..f17ee954b1 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.41.0",
+    version="1.42.0",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",