diff --git a/CHANGELOG b/CHANGELOG
index b58229c3d..7da38c1e4 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -1,6 +1,25 @@
 CHANGELOG
 =========
 
+3.0.49: 2025-01-20
+------------------
+
+New features:
+- On Windows, use virtual terminal input when available.
+- Support for multiline suggestions.
+
+Fixes:
+- Handle `InvalidStateError` during termination when using
+  `run_in_terminal`/`patch_stdout`. This can happen in some cases during
+  cancellation, probably when using anyio.
+- Fix cursor that remains in hidden state when the application exits. This can
+  happen when the application doesn't show the cursor and `erase_when_done` is
+  being used.
+
+Breaking changes:
+- Drop support for Python 3.7:
+
+
 3.0.48: 2024-09-25
 ------------------
 
diff --git a/docs/conf.py b/docs/conf.py
index 13c50e804..e1b47cab9 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -54,9 +54,9 @@
 # ---------------------------------------------------------------------
 # Versions.
 # The short X.Y version.
-version = "3.0.48"
+version = "3.0.49"
 # The full version, including alpha/beta/rc tags.
-release = "3.0.48"
+release = "3.0.49"
 # The URL pattern to match releases to ReadTheDocs URLs.
 docs_fmt_url = "https://python-prompt-toolkit.readthedocs.io/en/{release}/"
 # The list of releases to include in the dropdown.
diff --git a/src/prompt_toolkit/__init__.py b/src/prompt_toolkit/__init__.py
index 80da72d1e..43603eba1 100644
--- a/src/prompt_toolkit/__init__.py
+++ b/src/prompt_toolkit/__init__.py
@@ -28,7 +28,7 @@
 from .shortcuts import PromptSession, print_formatted_text, prompt
 
 # Don't forget to update in `docs/conf.py`!
-__version__ = "3.0.48"
+__version__ = "3.0.49"
 
 assert pep440.match(__version__)