diff --git a/CHANGELOG.md b/CHANGELOG.md
index c1a5a1ffdd4..f45ef7302b6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,39 @@
+## 0.54.0-beta.1
+
+### Breaking changes
+
+- Turned `localIdeographFontFamily` map option on by default. This may change how CJK labels are rendered, but dramatically improves performance of CJK maps (because the browser no longer needs to download heavy amounts of font data from the server). Add `localIdeographyFontFamily: false` to turn this off. [#8008](https://github.com/mapbox/mapbox-gl-js/pull/8008)
+- Added `Popup` `maxWidth` option, set to `"240px"` by default. [#7906](https://github.com/mapbox/mapbox-gl-js/pull/7906)
+
+### Major features
+
+- Added support for updating and animating style images. [#7999](https://github.com/mapbox/mapbox-gl-js/pull/7999)
+- Added support for generating style images dynamically (e.g. for drawing icons based on feature properties). [#7987](https://github.com/mapbox/mapbox-gl-js/pull/7987)
+- Added antialiasing support for custom layers. [#7821](https://github.com/mapbox/mapbox-gl-js/pull/7821)
+- Added a new `mapbox-gl-csp.js` bundle for strict CSP environments where `worker-src: blob` is disallowed. [#8044](https://github.com/mapbox/mapbox-gl-js/pull/8044)
+
+### Minor features and improvements
+
+- Improved performance of fill extrusions. [#7821](https://github.com/mapbox/mapbox-gl-js/pull/7821)
+- Improved performance of symbol layers. [#7967](https://github.com/mapbox/mapbox-gl-js/pull/7967)
+- Slightly improved rendering performance in general. [#7969](https://github.com/mapbox/mapbox-gl-js/pull/7969)
+- Slightly improved performance of HTML markers. [#8018](https://github.com/mapbox/mapbox-gl-js/pull/8018)
+- Improved diffing of styles with `"visibility": "visible"`. [#8005](https://github.com/mapbox/mapbox-gl-js/pull/8005)
+- Improved zoom buttons to grey out when reaching min/max zoom. [#8023](https://github.com/mapbox/mapbox-gl-js/pull/8023)
+- Added a title to fullscreen control button. [#8012](https://github.com/mapbox/mapbox-gl-js/pull/8012)
+- Added `rel="noopener"` attributes to links that lead to external websites (such as Mapbox logo and OpenStreetMap edit link) for improved security. [#7914](https://github.com/mapbox/mapbox-gl-js/pull/7914)
+- Added tile size info when `map.showTileBoundaries` is turned on. [#7963](https://github.com/mapbox/mapbox-gl-js/pull/7963)
+- Significantly improved load times of the benchmark suite. [#8066](https://github.com/mapbox/mapbox-gl-js/pull/8066)
+
+### Bug fixes
+
+- Fixed a memory leak when calling `source.setData(url)` many times. [#8035](https://github.com/mapbox/mapbox-gl-js/pull/8035)
+- Fixed a bug where marker lost focus when dragging. [#7799](https://github.com/mapbox/mapbox-gl-js/pull/7799)
+- Fixed a bug where `map.getCenter()` returned a reference to an internal `LngLat` object instead of cloning it, leading to potential mutability bugs. [#7922](https://github.com/mapbox/mapbox-gl-js/pull/7922)
+- Fixed a bug where default HTML marker positioning was slightly off. [#8074](https://github.com/mapbox/mapbox-gl-js/pull/8074)
+- Fixed a bug where adding a fill extrusion layer for non-polygon layers would lead to visual artifacts. [#7685](https://github.com/mapbox/mapbox-gl-js/pull/7685)
+- Fixed intermittent Flow failures on CI. [#8061](https://github.com/mapbox/mapbox-gl-js/pull/8061)
+
 ## 0.53.1
 
 ## Bug fixes
diff --git a/package.json b/package.json
index 6575789a46b..2b357c9d06c 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "mapbox-gl",
   "description": "A WebGL interactive maps library",
-  "version": "0.53.1",
+  "version": "0.54.0-beta.1",
   "main": "dist/mapbox-gl.js",
   "style": "dist/mapbox-gl.css",
   "license": "SEE LICENSE IN LICENSE.txt",