diff --git a/config/manager/manager.yaml b/config/manager/manager.yaml
index edc37dde1..098b10b1e 100644
--- a/config/manager/manager.yaml
+++ b/config/manager/manager.yaml
@@ -54,7 +54,7 @@ spec:
           value: mongo
         - name: MONGODB_REPO_URL
           value: docker.io
-        image: quay.io/mongodb/mongodb-kubernetes-operator:0.7.6
+        image: quay.io/mongodb/mongodb-kubernetes-operator:0.7.8
         imagePullPolicy: Always
         name: mongodb-kubernetes-operator
         resources:
diff --git a/deploy/openshift/operator_openshift.yaml b/deploy/openshift/operator_openshift.yaml
index fb27474ba..4a8d23de3 100644
--- a/deploy/openshift/operator_openshift.yaml
+++ b/deploy/openshift/operator_openshift.yaml
@@ -56,7 +56,7 @@ spec:
           value: mongo
         - name: MONGODB_REPO_URL
           value: docker.io
-        image: quay.io/mongodb/mongodb-kubernetes-operator:0.7.6
+        image: quay.io/mongodb/mongodb-kubernetes-operator:0.7.8
         imagePullPolicy: Always
         name: mongodb-kubernetes-operator
         resources:
diff --git a/docs/RELEASE_NOTES.md b/docs/RELEASE_NOTES.md
index 2c76d03a8..dc097aa09 100644
--- a/docs/RELEASE_NOTES.md
+++ b/docs/RELEASE_NOTES.md
@@ -1,15 +1,16 @@
-# MongoDB Kubernetes Operator 0.7.7
+# MongoDB Kubernetes Operator 0.7.8
 
 ## Kubernetes Operator
 
 - Changes
-  - Fix TLS configuration to allow enabling both server encryption and secure Prometheus connections ([#1127](https://github.com/mongodb/mongodb-kubernetes-operator/issues/1127)
-  )
-  - Fix TLS validation to correctly indicate an incomplete configuration
+  - Fix a StatefulSet controller race condition with the mongodb-agent
+  - Fix merging label selectors when source is nil
+  - Improve logging verbosity
+  
 
 ## Updated Image Tags
 
-- mongodb-kubernetes-operator:0.7.7
+- mongodb-kubernetes-operator:0.7.8
 - mongodb-agent:12.0.15.7646-1
 - mongodb-kubernetes-readinessprobe:1.0.12
 - mongodb-kubernetes-operator-version-upgrade-post-start-hook:1.0.6
diff --git a/release.json b/release.json
index bf8c87e55..9b5c2a652 100644
--- a/release.json
+++ b/release.json
@@ -1,6 +1,6 @@
 {
   "golang-builder-image": "golang:1.19",
-  "mongodb-kubernetes-operator": "0.7.7",
+  "mongodb-kubernetes-operator": "0.7.8",
   "version-upgrade-hook": "1.0.6",
   "readiness-probe": "1.0.12",
   "mongodb-agent": {