diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0be5468..eb49ce2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,12 @@
+## 0.5.0
+
+### Breaking Changes
+
+### Features
+
+### Changelog
+
+
 ## 0.4.0
 
 ### Breaking Changes
@@ -20,6 +29,7 @@
 - Add trigger "buffer responsiveness" option
 - Remove dependency on more_itertools
 
+
 ## 0.3.1
 
 ### Breaking Changes
@@ -31,6 +41,7 @@
 - Show stack trace dialog when loading config fails
 - Show stack trace dialog if exceptions raised before playback begins
 
+
 ## 0.3.0
 
 ### Breaking Changes
@@ -58,6 +69,7 @@
 - Dump Config.show_internals to YAML by default
 - Add non-GUI option to disable antialiasing (does not improve performance)
 
+
 ## 0.2.0 and before
 
 See https://github.com/nyanpasu64/corrscope/releases.
diff --git a/corrscope/version.py b/corrscope/version.py
index fd5a232..9232849 100644
--- a/corrscope/version.py
+++ b/corrscope/version.py
@@ -7,7 +7,7 @@ _package = Path(__file__).parent
 
 
 # Version prefix
-base_version = "0.4.0"
+base_version = "0.5.0-pre"
 is_dev = "-" in base_version
 
 
diff --git a/pyproject.toml b/pyproject.toml
index 5131eb4..2670827 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -6,7 +6,7 @@
 
 [tool.poetry]
 name = "corrscope"
-version = "0.4.0"
+version = "0.5.0-pre"
 description = ""
 authors = ["nyanpasu64 <nyanpasu64@tuta.io>"]
 license = "BSD-2-Clause"