diff --git a/CHANGELOG.md b/CHANGELOG.md
index 968906b6f4b5..08f687d8e31c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,21 @@ This file contains notable changes (e.g. breaking changes, major changes, etc.)
 
 This file was introduced starting Kani 0.23.0, so it only contains changes from version 0.23.0 onwards.
 
+## [0.48.0]
+
+### Major Changes
+* We fixed a soundness bug that in some cases may cause Kani to not detect a use-after-free issue in https://github.com/model-checking/kani/pull/3063
+
+### What's Changed
+* Fix `codegen_atomic_binop` for `atomic_ptr` by @qinheping in https://github.com/model-checking/kani/pull/3047
+* Retrieve info for recursion tracker reliably by @feliperodri in https://github.com/model-checking/kani/pull/3045
+* Add `--use-local-toolchain` to Kani setup by @jaisnan in https://github.com/model-checking/kani/pull/3056
+* Replace internal reverse_postorder by a stable one by @celinval in https://github.com/model-checking/kani/pull/3064
+* Add option to override `--crate-name` from `kani` by @adpaco-aws in https://github.com/model-checking/kani/pull/3054
+* Rust toolchain upgraded to 2024-03-11 by @adpaco-ws @celinval @zyadh
+
+**Full Changelog**: https://github.com/model-checking/kani/compare/kani-0.47.0...kani-0.48.0
+
 ## [0.47.0]
 
 ### What's Changed
diff --git a/Cargo.lock b/Cargo.lock
index 4db35ee6ab77..7009622b1733 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -141,7 +141,7 @@ dependencies = [
 
 [[package]]
 name = "build-kani"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -292,7 +292,7 @@ dependencies = [
 
 [[package]]
 name = "cprover_bindings"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "lazy_static",
  "linear-map",
@@ -472,14 +472,14 @@ checksum = "b1a46d1a171d865aa5f83f92695765caa047a9b4cbae2cbf37dbd613a793fd4c"
 
 [[package]]
 name = "kani"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "kani_macros",
 ]
 
 [[package]]
 name = "kani-compiler"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "clap 4.5.2",
  "cprover_bindings",
@@ -500,7 +500,7 @@ dependencies = [
 
 [[package]]
 name = "kani-driver"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -528,7 +528,7 @@ dependencies = [
 
 [[package]]
 name = "kani-verifier"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "anyhow",
  "clap 2.34.0",
@@ -538,7 +538,7 @@ dependencies = [
 
 [[package]]
 name = "kani_macros"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -548,7 +548,7 @@ dependencies = [
 
 [[package]]
 name = "kani_metadata"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "clap 4.5.2",
  "cprover_bindings",
@@ -1079,7 +1079,7 @@ checksum = "e6ecd384b10a64542d77071bd64bd7b231f4ed5940fba55e98c3de13824cf3d7"
 
 [[package]]
 name = "std"
-version = "0.47.0"
+version = "0.48.0"
 dependencies = [
  "kani",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 845751118363..c863ffdc1945 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-verifier"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 description = "A bit-precise model checker for Rust."
 readme = "README.md"
diff --git a/cprover_bindings/Cargo.toml b/cprover_bindings/Cargo.toml
index 3882e5ad300c..b9d0259b3577 100644
--- a/cprover_bindings/Cargo.toml
+++ b/cprover_bindings/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "cprover_bindings"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-compiler/Cargo.toml b/kani-compiler/Cargo.toml
index c5ac44d0be1e..a5b7fd006180 100644
--- a/kani-compiler/Cargo.toml
+++ b/kani-compiler/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-compiler"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-driver/Cargo.toml b/kani-driver/Cargo.toml
index a009f444840b..36a979a1366d 100644
--- a/kani-driver/Cargo.toml
+++ b/kani-driver/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-driver"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 description = "Build a project with Kani and run all proof harnesses"
 license = "MIT OR Apache-2.0"
diff --git a/kani_metadata/Cargo.toml b/kani_metadata/Cargo.toml
index 92cba41e27f8..6b6db72f4a6d 100644
--- a/kani_metadata/Cargo.toml
+++ b/kani_metadata/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_metadata"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/kani/Cargo.toml b/library/kani/Cargo.toml
index 27fc6fc9ad6d..4da7f91a9ed7 100644
--- a/library/kani/Cargo.toml
+++ b/library/kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/kani_macros/Cargo.toml b/library/kani_macros/Cargo.toml
index 46b6cf3daadd..b2254b5c8954 100644
--- a/library/kani_macros/Cargo.toml
+++ b/library/kani_macros/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_macros"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/std/Cargo.toml b/library/std/Cargo.toml
index bdd10673f640..29467fddf70b 100644
--- a/library/std/Cargo.toml
+++ b/library/std/Cargo.toml
@@ -5,7 +5,7 @@
 # Note: this package is intentionally named std to make sure the names of
 # standard library symbols are preserved
 name = "std"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/tools/build-kani/Cargo.toml b/tools/build-kani/Cargo.toml
index 8c80063d7ff5..b75c373655bd 100644
--- a/tools/build-kani/Cargo.toml
+++ b/tools/build-kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "build-kani"
-version = "0.47.0"
+version = "0.48.0"
 edition = "2021"
 description = "Builds Kani, Sysroot and release bundle."
 license = "MIT OR Apache-2.0"