diff --git a/CHANGELOG.md b/CHANGELOG.md
index 56f16c2ac..8931e4963 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,7 @@
  * Fix typespecs in Membrane.UtilitySupervisor. [#681](https://github.com/membraneframework/membrane_core/pull/681)
  * Improve callback return types and group actions types. [#702](https://github.com/membraneframework/membrane_core/pull/702)
  * Fix bug in the order of handling actions from callbacks. [#708](https://github.com/membraneframework/membrane_core/pull/708)
+ * Deprecate `handle_spec_started/3` callback in Bins and Pipelines. [#708](https://github.com/membraneframework/membrane_core/pull/708)
 
 ## 1.0.0
  * Introduce `:remove_link` action in pipelines and bins.
diff --git a/README.md b/README.md
index a7d250fc5..60a1ee876 100644
--- a/README.md
+++ b/README.md
@@ -96,7 +96,7 @@ Apart from plugins, Membrane has stream formats, which live in `membrane_X_forma
 The API for creating pipelines (and custom elements too) is provided by [membrane_core](https://github.com/membraneframework/membrane_core). To install it, add the following line to your `deps` in `mix.exs` and run `mix deps.get`
 
 ```elixir
-{:membrane_core, "~> 1.0.0"}
+{:membrane_core, "~> 1.0"}
 ```
 
 **Standalone libraries**
diff --git a/mix.exs b/mix.exs
index 4c96bd981..ac1df050b 100644
--- a/mix.exs
+++ b/mix.exs
@@ -1,7 +1,7 @@
 defmodule Membrane.Mixfile do
   use Mix.Project
 
-  @version "1.0.0"
+  @version "1.0.1"
   @source_ref "v#{@version}"
 
   def project do