diff --git a/CHANGELOG.md b/CHANGELOG.md
index bd4021fa..58c85a1e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,11 @@
 # Savon changelog
 
 ## Unreleased
-* Changes to utilize faraday instead of http
+* Add your PR changelog line here
+
+## 3.0.0.rc1 (2024-07-15)
+
+* Use Faraday instead of HTTPI
 * BC BREAKING Cookies are handled differently now
 * BC BREAKING Multiple pieces of functionality will rely on faraday libraries to be provided by the consuming codebase
 * BC BREAKING Adapter overrides now utilize the faraday model
@@ -13,7 +17,6 @@
     decrypt the key and pass it to faraday in code
   * Deprecates providing a ca cert, upgrade path is to provide a ca cert file
   * deprecates overriding ssl ciphers, as faraday does not support this
-* Add your PR changelog line here
 
 ## 2.15.1 (2024-07-08)
 
diff --git a/README.md b/README.md
index 339ee584..2cbee442 100644
--- a/README.md
+++ b/README.md
@@ -23,7 +23,7 @@ $ gem install savon
 or add it to your Gemfile like this:
 
 ```
-gem 'savon', '~> 2.15.0'
+gem 'savon', '~> 3.0.0'
 ```
 
 ## Usage example
diff --git a/lib/savon/version.rb b/lib/savon/version.rb
index e3e0093a..bc33c828 100644
--- a/lib/savon/version.rb
+++ b/lib/savon/version.rb
@@ -1,4 +1,4 @@
 # frozen_string_literal: true
 module Savon
-  VERSION = '2.15.1'
+  VERSION = '3.0.0.rc1'
 end