diff --git a/CHANGELOG.md b/CHANGELOG.md
index 934028d..086594a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,22 @@ All notable changes to **adn-server** are documented here.
 
 <!-- version list -->
 
+## v2.5.0 (2026-07-23)
+
+### Bug Fixes
+
+- Don't attribute synthetic announcement PTT to a real connected peer
+  ([`99b6f8d`](https://github.com/ce5rpy/ADN-DMR-Peer-Server/commit/99b6f8da705ac199206237cd024b9b85bc4a8b60))
+
+- Log silent dynamic TG activation once per peer and TG
+  ([`278b10e`](https://github.com/ce5rpy/ADN-DMR-Peer-Server/commit/278b10eb585a07f7bf7e6cc9ff361c972db5b2e5))
+
+### Features
+
+- Add HP3ICC acknowledgments to README
+  ([`4bf378f`](https://github.com/ce5rpy/ADN-DMR-Peer-Server/commit/4bf378fe9523be2777d8bd711c70308a0391f87b))
+
+
 ## v2.4.3 (2026-07-22)
 
 ### Bug Fixes
diff --git a/README.md b/README.md
index 749f309..cdbefbe 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # ADN DMR Peer Server
 
-**Version 2.4.3** — pairs with **adn-monitor 2.0.0-rc.4** (report v2 slim wire + JSON HELLO).
+**Version 2.5.0** — pairs with **adn-monitor 2.0.0-rc.4** (report v2 slim wire + JSON HELLO).
 
 ADN DMR conference bridge server. Configuration is YAML; the codebase follows clean architecture (domain, application, infrastructure). v2 adds integrated **PROXY**, **SubscriptionStore** routing, report v2 to the monitor, and a unified **`adn-server.py`** entrypoint (`--echo`, `--doctor`, `--no-proxy`). See [CHANGELOG.md](CHANGELOG.md).
 
diff --git a/pyproject.toml b/pyproject.toml
index 7571bc9..faba157 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -8,7 +8,7 @@ build-backend = "setuptools.build_meta"
 
 [project]
 name = "adn-server"
-version = "2.4.3"
+version = "2.5.0"
 description = "ADN DMR Peer Server"
 readme = "README.md"
 license = { text = "GPL-3.0-or-later" }