diff --git a/CHANGELOG.md b/CHANGELOG.md
index 08f687d8e31c..bd592b2f27a7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,20 @@ 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.
 
+## [0.49.0]
+
+### What's Changed
+* Disable removal of storage markers by @zhassan-aws in https://github.com/model-checking/kani/pull/3083
+* Ensure storage markers are kept in std code by @zhassan-aws in https://github.com/model-checking/kani/pull/3080
+* Implement validity checks by @celinval in https://github.com/model-checking/kani/pull/3085
+* Allow modifies clause for verification only by @feliperodri in https://github.com/model-checking/kani/pull/3098
+* Add optional scatterplot to benchcomp output by @tautschnig in https://github.com/model-checking/kani/pull/3077
+* Expand ${var} in benchcomp variant `env` by @karkhaz in https://github.com/model-checking/kani/pull/3090
+* Add `benchcomp filter` command by @karkhaz in https://github.com/model-checking/kani/pull/3105
+* Upgrade Rust toolchain to 2024-03-29 by @zhassan-aws @celinval @adpaco-aws @feliperodri
+
+**Full Changelog**: https://github.com/model-checking/kani/compare/kani-0.48.0...kani-0.49.0
+
 ## [0.48.0]
 
 ### Major Changes
diff --git a/Cargo.lock b/Cargo.lock
index 2a7cbf2d7028..ae2e712e1049 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -97,7 +97,7 @@ checksum = "cf4b9d6a944f767f8e5e0db018570623c85f3d925ac718db4e06d0187adb21c1"
 
 [[package]]
 name = "build-kani"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -233,7 +233,7 @@ dependencies = [
 
 [[package]]
 name = "cprover_bindings"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "lazy_static",
  "linear-map",
@@ -410,14 +410,14 @@ checksum = "49f1f14873335454500d59611f1cf4a4b0f786f9ac11f4312a78e4cf2566695b"
 
 [[package]]
 name = "kani"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "kani_macros",
 ]
 
 [[package]]
 name = "kani-compiler"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "clap",
  "cprover_bindings",
@@ -438,7 +438,7 @@ dependencies = [
 
 [[package]]
 name = "kani-driver"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -466,7 +466,7 @@ dependencies = [
 
 [[package]]
 name = "kani-verifier"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "anyhow",
  "home",
@@ -475,7 +475,7 @@ dependencies = [
 
 [[package]]
 name = "kani_macros"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -485,7 +485,7 @@ dependencies = [
 
 [[package]]
 name = "kani_metadata"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "clap",
  "cprover_bindings",
@@ -992,7 +992,7 @@ checksum = "3c5e1a9a646d36c3599cd173a41282daf47c44583ad367b8e6837255952e5c67"
 
 [[package]]
 name = "std"
-version = "0.48.0"
+version = "0.49.0"
 dependencies = [
  "kani",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index 810b4e2bb5eb..e271a3650c03 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-verifier"
-version = "0.48.0"
+version = "0.49.0"
 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 b9d0259b3577..ed0e57847e71 100644
--- a/cprover_bindings/Cargo.toml
+++ b/cprover_bindings/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "cprover_bindings"
-version = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-compiler/Cargo.toml b/kani-compiler/Cargo.toml
index a5b7fd006180..ffc508e90866 100644
--- a/kani-compiler/Cargo.toml
+++ b/kani-compiler/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-compiler"
-version = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-driver/Cargo.toml b/kani-driver/Cargo.toml
index 36a979a1366d..3a476922a838 100644
--- a/kani-driver/Cargo.toml
+++ b/kani-driver/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-driver"
-version = "0.48.0"
+version = "0.49.0"
 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 6b6db72f4a6d..582c20c7bd9f 100644
--- a/kani_metadata/Cargo.toml
+++ b/kani_metadata/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_metadata"
-version = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/kani/Cargo.toml b/library/kani/Cargo.toml
index 4da7f91a9ed7..b87536740fcd 100644
--- a/library/kani/Cargo.toml
+++ b/library/kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani"
-version = "0.48.0"
+version = "0.49.0"
 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 84ed56a9ef12..fe4279fc4366 100644
--- a/library/kani_macros/Cargo.toml
+++ b/library/kani_macros/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_macros"
-version = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/std/Cargo.toml b/library/std/Cargo.toml
index 29467fddf70b..05f5b4de5635 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 = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/tests/kani/ValidValues/write_invalid.rs b/tests/kani/ValidValues/write_invalid.rs
index f04a667a47d1..05d3705bd69a 100644
--- a/tests/kani/ValidValues/write_invalid.rs
+++ b/tests/kani/ValidValues/write_invalid.rs
@@ -6,9 +6,6 @@
 //! Writing invalid bytes is not UB as long as the incorrect value is not read.
 //! However, we over-approximate for sake of simplicity and performance.
 
-// Note: We're getting an unexpected compilation error because the type returned
-// from StableMIR is `Alias`: https://github.com/model-checking/kani/issues/3113
-
 use std::num::NonZeroU8;
 
 #[kani::proof]
diff --git a/tools/build-kani/Cargo.toml b/tools/build-kani/Cargo.toml
index b75c373655bd..525c060232a7 100644
--- a/tools/build-kani/Cargo.toml
+++ b/tools/build-kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "build-kani"
-version = "0.48.0"
+version = "0.49.0"
 edition = "2021"
 description = "Builds Kani, Sysroot and release bundle."
 license = "MIT OR Apache-2.0"