diff --git a/.vscode/settings.json b/.vscode/settings.json
index d48f7ba1e..d46ce603b 100644
--- a/.vscode/settings.json
+++ b/.vscode/settings.json
@@ -3,6 +3,9 @@
   "[toml]": {
     "editor.formatOnSave": false
   },
+  "[markdown]": {
+    "editor.formatOnSave": false
+  },
   "rust-analyzer.check.allTargets": false,
   "rust-analyzer.check.noDefaultFeatures": true,
   "rust-analyzer.cargo.noDefaultFeatures": true,
diff --git a/embassy-sync/CHANGELOG.md b/embassy-sync/CHANGELOG.md
index 9340d7346..e7db97ef7 100644
--- a/embassy-sync/CHANGELOG.md
+++ b/embassy-sync/CHANGELOG.md
@@ -5,6 +5,13 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## 0.5.0 - 2023-12-04
+
+- Add a PriorityChannel.
+- Remove nightly and unstable-traits features in preparation for 1.75.
+- Upgrade heapless to 0.8.
+- Upgrade static-cell to 2.0.
+
 ## 0.4.0 - 2023-10-31
 
 - Re-add impl_trait_projections
diff --git a/embassy-sync/Cargo.toml b/embassy-sync/Cargo.toml
index 6588406a1..38b0e5d30 100644
--- a/embassy-sync/Cargo.toml
+++ b/embassy-sync/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "embassy-sync"
-version = "0.4.0"
+version = "0.5.0"
 edition = "2021"
 description = "no-std, no-alloc synchronization primitives with async support"
 repository = "https://github.com/embassy-rs/embassy"