diff --git a/CHANGELOG.md b/CHANGELOG.md
index dd24e2c19b08f..f2c80bdf1a545 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,16 @@ 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.
 
+## [0.42.0]
+
+### What's Changed
+
+* Build CBMC from source and install as package on non-x86_64 by @bennofs in https://github.com/model-checking/kani/pull/2877 and https://github.com/model-checking/kani/pull/2878
+* Emit suggestions and an explanation when CBMC runs out of memory by @JustusAdam in https://github.com/model-checking/kani/pull/2885
+* Rust toolchain upgraded to `nightly-2023-11-28` by @celinval
+
+**Full Changelog**: https://github.com/model-checking/kani/compare/kani-0.41.0...kani-0.42.0
+
 ## [0.41.0]
 
 ### Breaking Changes
diff --git a/Cargo.lock b/Cargo.lock
index e734a588e0f09..2adf5eaa3fbd7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -119,7 +119,7 @@ dependencies = [
 
 [[package]]
 name = "build-kani"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -255,7 +255,7 @@ dependencies = [
 
 [[package]]
 name = "cprover_bindings"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "lazy_static",
  "linear-map",
@@ -440,14 +440,14 @@ checksum = "af150ab688ff2122fcef229be89cb50dd66af9e01a4ff320cc137eecc9bacc38"
 
 [[package]]
 name = "kani"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "kani_macros",
 ]
 
 [[package]]
 name = "kani-compiler"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "clap",
  "cprover_bindings",
@@ -468,7 +468,7 @@ dependencies = [
 
 [[package]]
 name = "kani-driver"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "anyhow",
  "cargo_metadata",
@@ -496,7 +496,7 @@ dependencies = [
 
 [[package]]
 name = "kani-verifier"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "anyhow",
  "home",
@@ -505,7 +505,7 @@ dependencies = [
 
 [[package]]
 name = "kani_macros"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -515,7 +515,7 @@ dependencies = [
 
 [[package]]
 name = "kani_metadata"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "clap",
  "cprover_bindings",
@@ -1050,7 +1050,7 @@ checksum = "4dccd0940a2dcdf68d092b8cbab7dc0ad8fa938bf95787e1b916b0e3d0e8e970"
 
 [[package]]
 name = "std"
-version = "0.41.0"
+version = "0.42.0"
 dependencies = [
  "kani",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index cfcefdb8b2ee0..911375d4e0e07 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-verifier"
-version = "0.41.0"
+version = "0.42.0"
 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 53b97fe989c03..96b0192f71fb3 100644
--- a/cprover_bindings/Cargo.toml
+++ b/cprover_bindings/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "cprover_bindings"
-version = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-compiler/Cargo.toml b/kani-compiler/Cargo.toml
index 619d3c18d7990..2ab60f48c363d 100644
--- a/kani-compiler/Cargo.toml
+++ b/kani-compiler/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-compiler"
-version = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/kani-driver/Cargo.toml b/kani-driver/Cargo.toml
index e631a08a9c55a..0886865b063e7 100644
--- a/kani-driver/Cargo.toml
+++ b/kani-driver/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani-driver"
-version = "0.41.0"
+version = "0.42.0"
 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 604f0214dea9b..d5f4f95587e42 100644
--- a/kani_metadata/Cargo.toml
+++ b/kani_metadata/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_metadata"
-version = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/kani/Cargo.toml b/library/kani/Cargo.toml
index b61dcd7a0564a..c3658b986d930 100644
--- a/library/kani/Cargo.toml
+++ b/library/kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani"
-version = "0.41.0"
+version = "0.42.0"
 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 3c1f90b7d3cfc..dc36a6d162848 100644
--- a/library/kani_macros/Cargo.toml
+++ b/library/kani_macros/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "kani_macros"
-version = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/library/std/Cargo.toml b/library/std/Cargo.toml
index 83a8e4adb8941..d604ff6b9a471 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 = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 license = "MIT OR Apache-2.0"
 publish = false
diff --git a/tools/build-kani/Cargo.toml b/tools/build-kani/Cargo.toml
index 0ca9312265f23..dd7dfcddee3fb 100644
--- a/tools/build-kani/Cargo.toml
+++ b/tools/build-kani/Cargo.toml
@@ -3,7 +3,7 @@
 
 [package]
 name = "build-kani"
-version = "0.41.0"
+version = "0.42.0"
 edition = "2021"
 description = "Builds Kani, Sysroot and release bundle."
 license = "MIT OR Apache-2.0"