diff --git a/CHANGELOG.md b/CHANGELOG.md
index 46e98e7699..4bdd2b3a74 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## v0.5.38
+
+### Breaking Changes 🚨🚨
+
+None
+
+### Bug Fixes 🐞
+
+#### Broadcaster
+- [#2709](https://github.com/livepeer/go-livepeer/pull/2709) Add logging for high keyframe interval, reduce log level for discovery loop
+- [#2684](https://github.com/livepeer/go-livepeer/pull/2684) Fix transcode success rate metric
+- [#2740](https://github.com/livepeer/go-livepeer/pull/2740) Fix incorrect processing of VerificationFreq parameter
+- [#2735](https://github.com/livepeer/go-livepeer/pull/2735) Fix EndTranscodingSession() call and potential race
+- [#2747](https://github.com/livepeer/go-livepeer/pull/2747) Fixed a transcoding bug that occurred when remote transcoder was removed
+
+#### General
+- [#2713](https://github.com/livepeer/go-livepeer/pull/2713) Add support for keyfiles with -ethKeystorePath, update flag descriptions, flagset output to stdout
+
 ## v0.5.37
 
 ### Breaking Changes 🚨🚨
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index c89646069e..3ca5044811 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -15,15 +15,12 @@
 #### Transcoder
 
 ### Bug Fixes 🐞
-- #2747 Fixed a transcoding bug that occurred when remote transcoder was removed
 
 #### CLI
 
 #### General
-- \#2713 Add support for keyfiles with -ethKeystorePath, update flag descriptions, flagset output to stdout
 
 #### Broadcaster
-- \#2684 Fix transcode success rate metric
 
 #### Orchestrator
 
diff --git a/VERSION b/VERSION
index 6466a623e3..e0d422dc3d 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.5.37
+0.5.38
\ No newline at end of file