diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7e522a71..53e7d5d5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## [2.5.0-develop.1](https://github.com/cheqd/credential-service/compare/2.4.1...2.5.0-develop.1) (2023-07-11)
+
+
+### Features
+
+* Add credential-status check API [DEV-2940] ([#293](https://github.com/cheqd/credential-service/issues/293)) ([34ad827](https://github.com/cheqd/credential-service/commit/34ad82732d5bb411903c29f385e694d58c72d958))
+* Add Default role assigning while creating and account or signing in [DEV-2905] ([#286](https://github.com/cheqd/credential-service/issues/286)) ([c99bed2](https://github.com/cheqd/credential-service/commit/c99bed205cd2821e5ff14d76a4f78f160faeb967))
+* Add verify presentation API and update StatusList APIs [DEV-2811] & [DEV-2669] ([#265](https://github.com/cheqd/credential-service/issues/265)) ([4e43430](https://github.com/cheqd/credential-service/commit/4e43430c221a5e6029f446a6a6bca1617745ab53))
+
+
+### Bug Fixes
+
+* Add policies to Verification API [DEV-2951] ([#294](https://github.com/cheqd/credential-service/issues/294)) ([d3c6ea9](https://github.com/cheqd/credential-service/commit/d3c6ea91a6319ab8ba7b1bfd65b9c553063624e8))
+* Fix issue with broken webhook being used for setting default user role in LogTo [DEV-2962] ([#295](https://github.com/cheqd/credential-service/issues/295)) ([a3c8fde](https://github.com/cheqd/credential-service/commit/a3c8fde62d9b3c75d6e8efefd49bbd1d1fd6d6a0))
+
 ## [2.4.0-develop.11](https://github.com/cheqd/credential-service/compare/2.4.0-develop.10...2.4.0-develop.11) (2023-07-11)
 
 
diff --git a/package.json b/package.json
index 481122b7..27bbdfa9 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "@cheqd/credential-service",
-	"version": "2.4.0-develop.11",
+	"version": "2.5.0-develop.1",
 	"description": "cheqd Credential Service Backend",
 	"source": "src/index.ts",
 	"main": "dist/index.js",