diff --git a/CHANGELOG.md b/CHANGELOG.md
index e8ce8cb..12094dc 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,33 @@
 # beeline-ruby changelog
 
+## 3.0.0 2023-06-08
+
+### ⚠️ Breaking Changes ⚠️
+
+Minimum Ruby version is 2.5 and minimum Rails version is 5.0.
+
+### Fixed
+
+- fix: set min rubocop to avoid false positive lint error (#218) | @robbkidd
+
+### Maintenance
+
+- chore: give dependabot PRs better title (#217) | @vreynolds
+- ci: use context for publishing ruby gem (#219) | @JamieDanielson
+- ci: update validate PR title workflow (#216) | @pkanal
+- ci: validate PR title (#214) | @pkanal
+- docs: update readme (#225) | @pkanal
+- docs: add otel recommendation to readme (#222) | @pkanal
+- maint: drop support for Ruby < 2.5 and Rails < 5.0 (#227) | @robbkidd
+- maint: update author to honeycomb (#220) | @JamieDanielson
+- maint: delete workflows for old board (#212) | @vreynolds
+- maint: add release file (#211) | @vreynolds
+- maint: add new project workflow (#210) | @vreynolds
+- maint: handle recent Rack v3 changes in tests & example (#209) | @emilyashley
+- maint: add ruby 3.1 to CI matrix (#206) | @vreynolds
+- maint: fix nightly build (#205) | @vreynolds
+- maint: drop testing for Faraday 0 under Ruby 2.2 (#204) | @robbkidd
+
 ## 2.11.0 2022-06-01
 
 ### Improvements
diff --git a/README.md b/README.md
index fb4d723..bf52120 100644
--- a/README.md
+++ b/README.md
@@ -14,7 +14,7 @@ trial](https://ui.honeycomb.io/signup) to obtain an API key before starting.
 
 ## Compatible with
 
-Requires Ruby version 2.3 or later
+Requires Ruby version 2.5 or later
 
 Built in instrumentation for:
 
diff --git a/lib/honeycomb/beeline/version.rb b/lib/honeycomb/beeline/version.rb
index d50e17b..77bbc10 100644
--- a/lib/honeycomb/beeline/version.rb
+++ b/lib/honeycomb/beeline/version.rb
@@ -3,7 +3,7 @@
 module Honeycomb
   module Beeline
     NAME = "honeycomb-beeline"
-    VERSION = "2.11.0"
+    VERSION = "3.0.0"
     USER_AGENT_SUFFIX = "#{NAME}/#{VERSION}"
   end
 end