diff --git a/CHANGELOG.md b/CHANGELOG.md
index e37ab67cce5..13f8a13886c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,38 @@
 
 Friendly reminder, we have a [bug bounty program](https://hackerone.com/cosmos).
 
+## v0.34.21
+
+Release highlights include:
+
+- A new `[storage]` configuration section and flag `discard_abci_responses`,
+  which, if enabled, discards all ABCI responses except the latest one in order
+  to reduce disk space usage in the state store. When enabled, the
+  `block_results` RPC endpoint can no longer function and will return an error.
+- A new CLI command, `reindex-event`, to re-index block and tx events to the
+  event sinks. You can run this command when the event store backend
+  dropped/disconnected or you want to replace the backend. When
+  `discard_abci_responses` is enabled, you will not be able to use this command.
+
+Special thanks to external contributors on this release: @rootwarp & @animart
+
+### FEATURES
+
+- [cli] [\#9083](https://github.com/tendermint/tendermint/issues/9083) Backport command to reindex missed events (@cmwaters)
+- [cli] [\#9107](https://github.com/tendermint/tendermint/issues/9107) Add the `p2p.external-address` argument to set the node P2P external address (@amimart)
+
+### IMPROVEMENTS
+
+- [config] [\#9054](https://github.com/tendermint/tendermint/issues/9054) `discard_abci_responses` flag added to discard all ABCI
+  responses except the last in order to save on storage space in the state
+  store (@samricotta)
+
+### BUG FIXES
+
+- [mempool] [\#9033](https://github.com/tendermint/tendermint/issues/9033) Rework lock discipline to mitigate callback deadlocks in the
+  priority mempool
+- [cli] [\#9103](https://github.com/tendermint/tendermint/issues/9103) fix unsafe-reset-all for working with home path (@rootwarp)
+
 ## v0.34.20
 
 Special thanks to external contributors on this release: @joeabbey @yihuang
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index f92cbab9cff..4a5832ad465 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -1,20 +1,6 @@
 # Unreleased Changes
 
-## v0.34.21
-
-Release highlights include:
-- A new `[storage]` configuration section and flag `discard_abci_responses`,
-  which, if enabled, discards all ABCI responses except the latest one in order
-  to reduce disk space usage in the state store. When enabled, the
-  `block_results` RPC endpoint can no longer function and will return an error.
-- A new CLI command, `reindex-event`, to re-index block and tx events to the
-  event sinks. You can run this command when the event store backend
-  dropped/disconnected or you want to replace the backend. When
-  `discard_abci_responses` is enabled, you will not be able to use this command.
-
-Special thanks to external contributors on this release:
-
-Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermint).
+## v0.34.22
 
 ### BREAKING CHANGES
 
@@ -30,17 +16,7 @@ Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermi
 
 ### FEATURES
 
-- [cli] \#9083 Backport command to reindex missed events (@cmwaters)
-- [cli] \#9107 Add the `p2p.external-address` argument to set the node P2P external address (@amimart)
-
 ### IMPROVEMENTS
 
-- [config] \#9054 `discard_abci_responses` flag added to discard all ABCI
-  responses except the last in order to save on storage space in the state
-  store (@samricotta)
-
 ### BUG FIXES
 
-- [mempool] \#9033 Rework lock discipline to mitigate callback deadlocks in the
-  priority mempool
-- [cli] \#9103 fix unsafe-reset-all for working with home path (@rootwarp)
diff --git a/version/version.go b/version/version.go
index 79295b5a70f..f90d1bb2b82 100644
--- a/version/version.go
+++ b/version/version.go
@@ -7,7 +7,7 @@ var (
 const (
 	// TMVersionDefault is the used as the fallback version of Tendermint Core
 	// when not using git describe. It is formatted with semantic versioning.
-	TMVersionDefault = "0.34.20"
+	TMVersionDefault = "0.34.21"
 	// ABCISemVer is the semantic version of the ABCI library
 	ABCISemVer = "0.17.0"