diff --git a/charts/gitops-runtime/Chart.yaml b/charts/gitops-runtime/Chart.yaml
index 54bf845d..2eb97e15 100644
--- a/charts/gitops-runtime/Chart.yaml
+++ b/charts/gitops-runtime/Chart.yaml
@@ -1,5 +1,5 @@
 apiVersion: v2
-appVersion: 0.1.39
+appVersion: 0.1.40
 description: A Helm chart for Codefresh gitops runtime
 name: gitops-runtime
 version: 0.4.3
@@ -17,13 +17,13 @@ annotations:
     - kind: changed
       description: Add codefresh-gitops-operator as separate chart
     - kind: changed
-      description: Update argo-cd chart to 5.51.6-7-cap-2.9-2024.1.22-375d827f3
+      description: Update argo-cd chart to 5.51.6-8-cap-2.9-2024.1.24-ccd7124b3. Includes: window rate limiter for the event reporter; support of apps in non-contoller namespaces for non-GRPC reporting mode; critical vuln fixes for argocd; 
     - kind: changed
       description: Update argo-rollouts chart to 2.32.5-3-analysis-fix
 dependencies:
 - name: argo-cd
   repository: https://codefresh-io.github.io/argo-helm
-  version: 5.51.6-7-cap-2.9-2024.1.22-375d827f3
+  version: 5.51.6-8-cap-2.9-2024.1.24-ccd7124b3
 - name: argo-events
   repository: https://codefresh-io.github.io/argo-helm
   version: 2.0.9-1-cap-CR-19893