diff --git a/CHANGELOG.md b/CHANGELOG.md
index ac239de..66578d5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -201,3 +201,17 @@ Features:
 
 Improvements:
  - Improved logging for the CUDA detection mechanism.
+
+### 0.38.0
+
+#### 8-bit Lion, Load/Store 8-bit layers
+
+Features:
+ - Support for 32 and 8-bit Lion has been added. Thank you @lucidrains
+ - Support for serialization of Linear8bitLt layers (LLM.int8()). This allows to store and load 8-bit weights directly from the HuggingFace Hub. Thank you @myrab
+
+Bug fixes:
+ - Fixed a bug where some bitsandbytes methods failed in a model-parallel setup on multiple GPUs. Thank you @tonylins
+
+Deprecated:
+ - Devices with compute capability 3.0 (GTX 700s, K10) and 3.2 (Tegra K1, Jetson TK1) are now deprecated and support will be removed in 0.39.0.
diff --git a/setup.py b/setup.py
index a0bbc7f..b023c0b 100644
--- a/setup.py
+++ b/setup.py
@@ -18,7 +18,7 @@ def read(fname):
 
 setup(
     name=f"bitsandbytes",
-    version=f"0.37.2",
+    version=f"0.38.0",
     author="Tim Dettmers",
     author_email="dettmers@cs.washington.edu",
     description="8-bit optimizers and matrix multiplication routines.",