diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5082cde88b..be4779ad77 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,29 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## 8.7.0
+
+### Added
+
+* Agent: Added a snapshot-based test to coverage implementation [#3368](https://github.com/microsoft/onefuzz/pull/3368)
+* Agent/CLI/Service: Added ability to capture crash dumps from libfuzzer, when provided [#2793](https://github.com/microsoft/onefuzz/pull/2793) [#3409](https://github.com/microsoft/onefuzz/pull/3409)
+* CLI/Service: Implemented `--with_tasks ` option for `onefuzz jobs get` command to expand the task information [#3343](https://github.com/microsoft/onefuzz/pull/3343)
+
+### Changed
+
+* Agent: Migrated all the task types to the template model [#3397](https://github.com/microsoft/onefuzz/pull/3307)
+* Agent: Removed `srcview` code from OneFuzz since it is not currently utilized [#3376](https://github.com/microsoft/onefuzz/pull/3376)
+* Agent: Updated default windows VM image to windows 11 [#3374](https://github.com/microsoft/onefuzz/pull/3374)
+* Agent: Migrated `winapi` to `windows-rs`, the newer Microsoft supported version of the Windows API bindings for Rust [#3050](https://github.com/microsoft/onefuzz/pull/3050)
+* Deployment: Updated the default deployment option for `EnableWorkItemCreation` feature flag to be enabled [#3387](https://github.com/microsoft/onefuzz/pull/3387)
+
+### Fixed
+
+* Agent: Deserialize the coverage files directly into the output files [#3410](https://github.com/microsoft/onefuzz/pull/3410)
+* Agent/Deployment/Service: Bumped several C#, Python, and Rust dependencies as well as the Rust edition across all Rust crates [#3396](https://github.com/microsoft/onefuzz/pull/3396), [#3161](https://github.com/microsoft/onefuzz/pull/3161), [#3346](https://github.com/microsoft/onefuzz/pull/3346), [#3391](https://github.com/microsoft/onefuzz/pull/3391), [#2870](https://github.com/microsoft/onefuzz/pull/2870), [#3392](https://github.com/microsoft/onefuzz/pull/3392), [#3402](https://github.com/microsoft/onefuzz/pull/3402)
+* Agent: Fixed a bug in agent `DirectoryMonitor` by adding error tolerance when attempting to fetch metadata for `CreateKind::Any` or `CreateKind::Other` events [#3393](https://github.com/microsoft/onefuzz/pull/3393)
+* Service: Fixed tag shadowing in logging by giving precedence to the tags produced by log messages over the tags added prior to the call, when the tag names clashed [#3388](https://github.com/microsoft/onefuzz/pull/3388)
+
 ## 8.6.3
 
 ### Fixed
diff --git a/CURRENT_VERSION b/CURRENT_VERSION
index 1de56fec00..c0bcaebe8f 100644
--- a/CURRENT_VERSION
+++ b/CURRENT_VERSION
@@ -1 +1 @@
-8.6.3
\ No newline at end of file
+8.7.0
\ No newline at end of file