diff --git a/CHANGELOG.md b/CHANGELOG.md
index eda39a3f5..1f3330cb3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,18 +7,33 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [0.5.0] - 2022-07-21
+
 ### Changed
 
 - Update `xtra` to [upstream](https://github.com/Restioson/xtra). This involved re-implementing some of the features
   in [comit-network's fork](https://github.com/comit-network/xtra) internally. Xtra message handler metrics were also
   removed in favour of the new `instrumentation` feature combined with
   [Grafana Tempo's span metrics](https://grafana.com/docs/tempo/latest/server_side_metrics/span_metrics/).
+- Allow rollovers from previous versions for takers to make the rollover protocol more resilient against the maker being ahead and avoid consecutive rollover failure.
+
+### Removed
+
+- The initial tour through ItchySats. The underlying library caused issues that could not be overcome.
 
 ### Added
 
 - Add new argument to the maker: `ignore-migration-errors`. If enabled, the maker will start if an error occurred when opening the database, if not, it will fail fast. This can come handy to prevent accidentally creating a new empty database in case database migration was unsuccessful.
 - New metrics: the maker tracks how many offers have been sent (`offer_messages_sent_total`) and the taker tracks how many offers have been received (`offer_messages_received_total`).
 - Allow taker to provide extended private key as argument when starting. This key will be used to derive the internal wallet according to (Bip84)[https://github.com/bitcoin/bips/blob/master/bip-0084.mediawiki].
+- Support for tokio console for debugging. It can be activated with `--tokio-console`.
+- Show the daemon-version in the info box of the taker-ui.
+- Add support for instrumented traces for debugging. It can be activated with `--instrumented`.
+
+### Fixed
+
+- An issue where electrum-client caused high CPU load.
+- An issue where the pings were triggered too frequently and caused congestion in the endpoint.
 
 ## [0.4.21] - 2022-06-27
 
@@ -227,7 +242,8 @@ Backport <https://github.com/itchysats/itchysats/pull/924> in an attempt to fix
 
 Initial release for mainnet.
 
-[Unreleased]: https://github.com/itchysats/itchysats/compare/0.4.21...HEAD
+[Unreleased]: https://github.com/itchysats/itchysats/compare/0.5.0...HEAD
+[0.5.0]: https://github.com/itchysats/itchysats/compare/0.4.21...0.5.0
 [0.4.21]: https://github.com/itchysats/itchysats/compare/0.4.20...0.4.21
 [0.4.20]: https://github.com/itchysats/itchysats/compare/0.4.19...0.4.20
 [0.4.19]: https://github.com/itchysats/itchysats/compare/0.4.17...0.4.19