diff --git a/docs/overview/changelog.md b/docs/overview/changelog.md
index 9477710346..8c65a408a6 100644
--- a/docs/overview/changelog.md
+++ b/docs/overview/changelog.md
@@ -7,6 +7,27 @@ All notable changes to the Zulip server are documented in this file.
 This section lists notable unreleased changes; it is generally updated
 in bursts.
 
+### 3.4 -- April 14, 2021
+
+- CVE-2021-30487: Prevent administrators from moving topics to
+  disallowed streams.
+- CVE-2021-30479: Prevent guest user access to `all_public_streams`
+  API.
+- CVE-2021-30478: Prevent API super users from forging messages to
+  other organizations.
+- CVE-2021-30477: Prevent outgoing webhook bots from sending arbitrary
+  messages to any stream.
+- Fixed a potential HTML injection bug in outgoing emails.
+- Fixed Postfix configuration error which would prevent outgoing email
+  to any email address containing `.`, `+`, or starting with `mm`, when
+  configured to use the local Postfix to deliver outgoing email.
+- Fixed a backporting error which caused the `manage.py
+  change_user_role` tool to not work for `admin`, `member`, or `guest` roles.
+- Add support for logout events sent from modern versions of the
+  desktop application.
+- Upgraded minor python dependencies.
+- Minor documentation fixes.
+
 ### 3.3 -- December 1, 2020
 
 - Guest users should not be allowed to post to streams marked “Only
diff --git a/version.py b/version.py
index 914e1cd668..ac8fee5f9e 100644
--- a/version.py
+++ b/version.py
@@ -1,6 +1,6 @@
 import os
 
-ZULIP_VERSION = "3.3+git"
+ZULIP_VERSION = "3.4"
 # Add information on number of commits and commit hash to version, if available
 zulip_git_version_file = os.path.join(os.path.dirname(os.path.abspath(__file__)), 'zulip-git-version')
 if os.path.exists(zulip_git_version_file):
@@ -10,7 +10,7 @@ if os.path.exists(zulip_git_version_file):
             ZULIP_VERSION = version
 
 LATEST_MAJOR_VERSION = "3.0"
-LATEST_RELEASE_VERSION = "3.3"
+LATEST_RELEASE_VERSION = "3.4"
 LATEST_RELEASE_ANNOUNCEMENT = "https://blog.zulip.org/2020/07/16/zulip-3-0-released/"
 LATEST_DESKTOP_VERSION = "5.3.0"