diff --git a/CHANGELOG.md b/CHANGELOG.md
index a3c72ffa5a8..56199c9831a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,9 @@ full changeset diff at the end of each section.
 Current Trunk
 -------------
 
+v118
+----
+
  - StackIR is now handled entirely during binary writing. This is mostly not
    noticeable, except that:
    - Text output no longer notes `(; has Stack IR ;)` (as Stack IR only exists
diff --git a/CMakeLists.txt b/CMakeLists.txt
index fef45bfca8b..95e5be6f949 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -7,7 +7,7 @@ cmake_minimum_required(VERSION 3.10.2)
 # to reduce this for compatability with emsdk.
 set(CMAKE_OSX_DEPLOYMENT_TARGET "10.14" CACHE STRING "Minimum OS X deployment version")
 
-project(binaryen LANGUAGES C CXX VERSION 117)
+project(binaryen LANGUAGES C CXX VERSION 118)
 include(GNUInstallDirs)
 
 # The C++ standard whose features are required to build Binaryen.