diff --git a/CHANGELOG.md b/CHANGELOG.md
index 20029e75..11bd056c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -12,6 +12,7 @@ The format is based on [Keep a Changelog], and this project adheres to
 ## Overview
 
 * [unreleased](#unreleased)
+* [`0.5.0`](#050) - _2024.03.31_
 * [`0.4.4`](#044) - _2023.11.18_
 * [`0.4.3`](#043) - _2023.07.08_
 * [`0.4.2`](#042) - _2023.06.25_
@@ -36,11 +37,23 @@ The format is based on [Keep a Changelog], and this project adheres to
 
 _nothing new to show for… yet!_>
 
-_async callback macro_
-
-_2024.03.15_
-
-- Add macro `async_callback` and `async_any_callback` for async callbacks [#395](https://github.com/1c3t3a/rust-socketio/issue/395) [#399](https://github.com/1c3t3a/rust-socketio/pull/399)
+## <a name="050">[0.5.0] - _Packed with changes!_ </a>
+
+_2024.03.31_
+
+- Support multiple arguments to the payload through a new Payload variant called
+  `Text` that holds a JSON value ([#384](https://github.com/1c3t3a/rust-socketio/pull/384)).
+  Credits to ctrlaltf24@ and SalahaldinBilal@!
+  Please note: This is a breaking change: `Payload::String` is deprecated and will be removed soon.
+- Async reconnections: Support for automatic reconnection in the async version of the crate!
+  ([#400](https://github.com/1c3t3a/rust-socketio/pull/400)). Credits to rageshkrishna@.
+- Add an `on_reconnect` callback that allows to change the connection configuration
+  ([#405](https://github.com/1c3t3a/rust-socketio/pull/405)). Credits to rageshkrishna@.
+- Fix bug that ignored the ping interval ([#359](https://github.com/1c3t3a/rust-socketio/pull/359)).
+  Credits to sirkrypt0@. This is a breaking change that removes the engine.io's stream impl.
+  It is however replaced by a method called `as_stream` on the engine.io socket.
+- Add macro `async_callback` and `async_any_callback` for async callbacks ([#399](https://github.com/1c3t3a/rust-socketio/pull/399).
+  Credits to shenjackyuanjie@.
 
 ## <a name="044">[0.4.4] - _Bump dependencies_ </a>
 
diff --git a/Cargo.lock b/Cargo.lock
index 0fd7636f..eee14527 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1694,7 +1694,7 @@ dependencies = [
 
 [[package]]
 name = "rust_engineio"
-version = "0.4.4"
+version = "0.5.0"
 dependencies = [
  "adler32",
  "async-stream",
@@ -1718,7 +1718,7 @@ dependencies = [
 
 [[package]]
 name = "rust_socketio"
-version = "0.4.4"
+version = "0.5.0"
 dependencies = [
  "adler32",
  "async-stream",
diff --git a/engineio/Cargo.toml b/engineio/Cargo.toml
index 1234a9c1..d8f8dc30 100644
--- a/engineio/Cargo.toml
+++ b/engineio/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rust_engineio"
-version = "0.4.4"
+version = "0.5.0"
 authors = ["Bastian Kersting <bastian@cmbt.de>"]
 edition = "2021"
 description = "An implementation of a engineio client written in rust."
diff --git a/socketio/Cargo.toml b/socketio/Cargo.toml
index 3620faf1..bd99173d 100644
--- a/socketio/Cargo.toml
+++ b/socketio/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "rust_socketio"
-version = "0.4.4"
+version = "0.5.0"
 authors = ["Bastian Kersting <bastian@cmbt.de>"]
 edition = "2021"
 description = "An implementation of a socketio client written in rust."
@@ -11,7 +11,7 @@ categories = ["network-programming", "web-programming", "web-programming::websoc
 license = "MIT"
 
 [dependencies]
-rust_engineio = { version = "0.4.3", path = "../engineio" }
+rust_engineio = { version = "0.5.0", path = "../engineio" }
 base64 = "0.21.5"
 bytes = "1"
 backoff = "0.4"