diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 2537c1f1d..f1c1e5884 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.4.0"
+  ".": "0.5.0"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3374de86b..bb20353b2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Changelog
 
+## [0.5.0](https://github.com/taikoxyz/taiko-client/compare/v0.4.0...v0.5.0) (2023-03-08)
+
+
+### Features
+
+* **pkg:** improve `BlockBatchIterator` ([#173](https://github.com/taikoxyz/taiko-client/issues/173)) ([4fab06a](https://github.com/taikoxyz/taiko-client/commit/4fab06a9cba17c5e4da09acbe9b95949d6c4d47f))
+* **proposer,prover:** make `context.Context` part of `proposer.waitTillSynced` && `ProofProducer.RequestProof`'s parameters ([#169](https://github.com/taikoxyz/taiko-client/issues/169)) ([4b11e29](https://github.com/taikoxyz/taiko-client/commit/4b11e29689b8fac85023669443c351f428a54fea))
+* **proposer:** new flag to propose empty blocks ([#175](https://github.com/taikoxyz/taiko-client/issues/175)) ([6621a5c](https://github.com/taikoxyz/taiko-client/commit/6621a5c89a92e7593f702e4c82e69d1215b2ca59))
+* **proposer:** remove `poolContentSplitter` in proposer ([#159](https://github.com/taikoxyz/taiko-client/issues/159)) ([e26c831](https://github.com/taikoxyz/taiko-client/commit/e26c831a42fdf448b32bcf75c1f1f87bd71df481))
+* **proposer:** remove an unused flag ([#176](https://github.com/taikoxyz/taiko-client/issues/176)) ([7d2126e](https://github.com/taikoxyz/taiko-client/commit/7d2126efe256bcb698b3d4df7352efdbff957ace))
+* **prover:** ensure L2 EE is fully synced when calling `initL1Current` ([#170](https://github.com/taikoxyz/taiko-client/issues/170)) ([6c85058](https://github.com/taikoxyz/taiko-client/commit/6c8505827c035cc7456967bc8aab8bec1861e19b))
+* **prover:** new flags for `zkevm-chain` ([#166](https://github.com/taikoxyz/taiko-client/issues/166)) ([1c90a3d](https://github.com/taikoxyz/taiko-client/commit/1c90a3d6b7cada0b116875d88f0952993b54bb5f))
+* **prover:** tracking for most recent block ID to ensure (relatively) consecutive proving by notification system ([#174](https://github.com/taikoxyz/taiko-client/issues/174)) ([e500039](https://github.com/taikoxyz/taiko-client/commit/e5000395a3a28bd282df64f54867fd771143a56a))
+
+
+### Bug Fixes
+
+* **proposer:** remove an unused metric from proposer ([#171](https://github.com/taikoxyz/taiko-client/issues/171)) ([8df5eea](https://github.com/taikoxyz/taiko-client/commit/8df5eea1d9f1482a10b7d395ae19953f5d6ea6ce))
+
 ## [0.4.0](https://github.com/taikoxyz/taiko-client/compare/v0.3.0...v0.4.0) (2023-02-22)