diff --git a/CHANGELOG.md b/CHANGELOG.md
index 344ebbe7c4..fedadb80fe 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,12 @@
+Changes in [35.1.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v35.1.0) (2024-12-18)
+==================================================================================================
+This release updates matrix-sdk-crypto-wasm to fix a bug which could prevent loading stored crypto state from storage.
+
+## 🐛 Bug Fixes
+
+* Upgrade matrix-sdk-crypto-wasm to 1.11.0 ([#4593](https://github.com/matrix-org/matrix-js-sdk/pull/4593)).
+
+
 Changes in [35.0.0](https://github.com/matrix-org/matrix-js-sdk/releases/tag/v35.0.0) (2024-12-17)
 ==================================================================================================
 ## 🚨 BREAKING CHANGES
diff --git a/package.json b/package.json
index e4e4dc885c..61a11f6faf 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "matrix-js-sdk",
-    "version": "35.0.0",
+    "version": "35.1.0",
     "description": "Matrix Client-Server SDK for Javascript",
     "engines": {
         "node": ">=20.0.0"