diff --git a/CHANGELOG.md b/CHANGELOG.md
index ced3dfd153426c..0a7bf83dc44961 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -39,7 +39,8 @@ release.
 </tr>
 <tr>
   <td valign="top">
-<b><a href="doc/changelogs/CHANGELOG_V23.md#23.4.0">23.4.0</a></b><br/>
+<b><a href="doc/changelogs/CHANGELOG_V23.md#23.5.0">23.5.0</a></b><br/>
+<a href="doc/changelogs/CHANGELOG_V23.md#23.4.0">23.4.0</a><br/>
 <a href="doc/changelogs/CHANGELOG_V23.md#23.3.0">23.3.0</a><br/>
 <a href="doc/changelogs/CHANGELOG_V23.md#23.2.0">23.2.0</a><br/>
 <a href="doc/changelogs/CHANGELOG_V23.md#23.1.0">23.1.0</a><br/>
diff --git a/doc/api/cli.md b/doc/api/cli.md
index 18c16aba1e7604..271ede0755cefb 100644
--- a/doc/api/cli.md
+++ b/doc/api/cli.md
@@ -189,7 +189,7 @@ Error: Access to this API has been restricted
 <!-- YAML
 added: v20.0.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56201
     description: Permission Model and --allow-fs flags are stable.
   - version: v20.7.0
@@ -234,7 +234,7 @@ node --permission --allow-fs-read=/path/to/index.js index.js
 <!-- YAML
 added: v20.0.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56201
     description: Permission Model and --allow-fs flags are stable.
   - version: v20.7.0
@@ -1773,7 +1773,7 @@ developers may leverage to detect deprecated API usage.
 <!-- YAML
 added: v20.0.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56201
     description: Permission Model is now stable.
 -->
@@ -2630,7 +2630,7 @@ i.e. invoking `process.exit()`.
 
 <!-- YAML
 added:
- - REPLACEME
+ - v23.5.0
 -->
 
 Prints information about usage of [Loading ECMAScript modules using `require()`][].
diff --git a/doc/api/errors.md b/doc/api/errors.md
index f2bfa7e087f4ec..d59a51329a8bfa 100644
--- a/doc/api/errors.md
+++ b/doc/api/errors.md
@@ -2177,7 +2177,7 @@ signaling a short circuit.
 ### `ERR_LOAD_SQLITE_EXTENSION`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 An error occurred while loading a SQLite extension.
diff --git a/doc/api/module.md b/doc/api/module.md
index 175bc6ab3475f7..40615c39728cab 100644
--- a/doc/api/module.md
+++ b/doc/api/module.md
@@ -22,7 +22,7 @@ added:
   - v8.10.0
   - v6.13.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56185
     description: The list now also contains prefix-only modules.
 -->
@@ -204,7 +204,7 @@ resolution and loading behavior. See [Customization hooks][].
 ### `module.registerHooks(options)`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 > Stability: 1.1 - Active development
@@ -529,7 +529,7 @@ added: v22.8.0
 <!-- YAML
 added: v8.8.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/55698
     description: Add support for synchronous and in-thread hooks.
   - version:
@@ -862,7 +862,7 @@ child workers by default.
 #### Synchronous hooks accepted by `module.registerHooks()`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 > Stability: 1.1 - Active development
@@ -991,7 +991,7 @@ register('./path-to-my-hooks.js', {
 
 <!-- YAML
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/55698
     description: Add support for synchronous and in-thread hooks.
   - version:
@@ -1116,7 +1116,7 @@ function resolve(specifier, context, nextResolve) {
 
 <!-- YAML
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/55698
     description: Add support for synchronous and in-thread version.
   - version: v20.6.0
diff --git a/doc/api/modules.md b/doc/api/modules.md
index 3900f6260a01a8..204809f5b779b0 100644
--- a/doc/api/modules.md
+++ b/doc/api/modules.md
@@ -176,7 +176,7 @@ added:
   - v20.17.0
 changes:
   - version:
-    - REPLACEME
+    - v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56194
     description: This feature no longer emits an experimental warning by default,
                  though the warning can still be emitted by --trace-require-module.
diff --git a/doc/api/report.md b/doc/api/report.md
index 4895dde2b52077..ad4e5418234e92 100644
--- a/doc/api/report.md
+++ b/doc/api/report.md
@@ -592,7 +592,7 @@ Report version definitions are consistent across LTS releases.
 
 <!-- YAML
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56068
     description: Fix typos in the memory limit units.
 -->
diff --git a/doc/api/sqlite.md b/doc/api/sqlite.md
index 9576f112b2ec41..1f5054cd65e26d 100644
--- a/doc/api/sqlite.md
+++ b/doc/api/sqlite.md
@@ -127,7 +127,7 @@ open. This method is a wrapper around [`sqlite3_close_v2()`][].
 ### `database.loadExtension(path)`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 * `path` {string} The path to the shared library to load.
@@ -139,7 +139,7 @@ around [`sqlite3_load_extension()`][]. It is required to enable the
 ### `database.enableLoadExtension(allow)`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 * `allow` {boolean} Whether to allow loading extensions.
@@ -163,7 +163,7 @@ file. This method is a wrapper around [`sqlite3_exec()`][].
 ### `database.function(name[, options], function)`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 * `name` {string} The name of the SQLite function to create.
@@ -475,7 +475,7 @@ exception.
 ## `sqlite.constants`
 
 <!-- YAML
-added: REPLACEME
+added: v23.5.0
 -->
 
 * {Object}
diff --git a/doc/api/util.md b/doc/api/util.md
index a3ea6c96dd83db..7299d23ab67de3 100644
--- a/doc/api/util.md
+++ b/doc/api/util.md
@@ -1922,7 +1922,7 @@ added:
   - v21.7.0
   - v20.12.0
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56265
     description: styleText is now stable.
   - version:
diff --git a/doc/api/webcrypto.md b/doc/api/webcrypto.md
index b0e3257a8a7100..147b93d4a8a682 100644
--- a/doc/api/webcrypto.md
+++ b/doc/api/webcrypto.md
@@ -2,7 +2,7 @@
 
 <!-- YAML
 changes:
-  - version: REPLACEME
+  - version: v23.5.0
     pr-url: https://github.com/nodejs/node/pull/56142
     description: Algorithms `Ed25519` and `X25519` are now stable.
   - version:
diff --git a/doc/changelogs/CHANGELOG_V23.md b/doc/changelogs/CHANGELOG_V23.md
index 9e723609b72bca..1124507af8cd61 100644
--- a/doc/changelogs/CHANGELOG_V23.md
+++ b/doc/changelogs/CHANGELOG_V23.md
@@ -8,6 +8,7 @@
 </tr>
 <tr>
 <td>
+<a href="#23.5.0">23.5.0</a><br/>
 <a href="#23.4.0">23.4.0</a><br/>
 <a href="#23.3.0">23.3.0</a><br/>
 <a href="#23.2.0">23.2.0</a><br/>
@@ -42,6 +43,114 @@
   * [io.js](CHANGELOG_IOJS.md)
   * [Archive](CHANGELOG_ARCHIVE.md)
 
+<a id="23.5.0"></a>
+
+## 2024-12-19, Version 23.5.0 (Current), @aduh95
+
+### Notable Changes
+
+* \[[`c2fb38cfdf`](https://github.com/nodejs/node/commit/c2fb38cfdf)] - **crypto**: graduate WebCryptoAPI Ed25519 and X25519 algorithms as stable (Filip Skokan) [#56142](https://github.com/nodejs/node/pull/56142)
+* \[[`082369159b`](https://github.com/nodejs/node/commit/082369159b)] - **doc**: stabilize util.styleText (Rafael Gonzaga) [#56265](https://github.com/nodejs/node/pull/56265)
+* \[[`a9818860bb`](https://github.com/nodejs/node/commit/a9818860bb)] - **(SEMVER-MINOR)** **module**: add prefix-only modules to `module.builtinModules` (Jordan Harband) [#56185](https://github.com/nodejs/node/pull/56185)
+* \[[`9863d27566`](https://github.com/nodejs/node/commit/9863d27566)] - **(SEMVER-MINOR)** **module**: only emit require(esm) warning under --trace-require-module (Joyee Cheung) [#56194](https://github.com/nodejs/node/pull/56194)
+* \[[`8e780bc5ae`](https://github.com/nodejs/node/commit/8e780bc5ae)] - **(SEMVER-MINOR)** **module**: use synchronous hooks for preparsing in import(cjs) (Joyee Cheung) [#55698](https://github.com/nodejs/node/pull/55698)
+* \[[`e5bb6c2303`](https://github.com/nodejs/node/commit/e5bb6c2303)] - **(SEMVER-MINOR)** **module**: implement module.registerHooks() (Joyee Cheung) [#55698](https://github.com/nodejs/node/pull/55698)
+* \[[`50ec6f9894`](https://github.com/nodejs/node/commit/50ec6f9894)] - **(SEMVER-MINOR)** **report**: fix typos in report keys and bump the version (Yuan-Ming Hsu) [#56068](https://github.com/nodejs/node/pull/56068)
+* \[[`8981dedc3e`](https://github.com/nodejs/node/commit/8981dedc3e)] - **(SEMVER-MINOR)** **sqlite**: aggregate constants in a single property (Edigleysson Silva (Edy)) [#56213](https://github.com/nodejs/node/pull/56213)
+* \[[`f86ca82684`](https://github.com/nodejs/node/commit/f86ca82684)] - **(SEMVER-MINOR)** **src,lib**: stabilize permission model (Rafael Gonzaga) [#56201](https://github.com/nodejs/node/pull/56201)
+* \[[`64a5fed86f`](https://github.com/nodejs/node/commit/64a5fed86f)] - **(SEMVER-MINOR)** **stream**: handle generator destruction from Duplex.from() (Matthieu Sieben) [#55096](https://github.com/nodejs/node/pull/55096)
+
+### Commits
+
+* \[[`2314e4916e`](https://github.com/nodejs/node/commit/2314e4916e)] - **assert**: make Maps be partially compared in partialDeepStrictEqual (Giovanni Bucci) [#56195](https://github.com/nodejs/node/pull/56195)
+* \[[`cfbdff7b45`](https://github.com/nodejs/node/commit/cfbdff7b45)] - **assert**: make partialDeepStrictEqual work with ArrayBuffers (Giovanni Bucci) [#56098](https://github.com/nodejs/node/pull/56098)
+* \[[`dcfd250fab`](https://github.com/nodejs/node/commit/dcfd250fab)] - **buffer**: document concat zero-fill (Duncan) [#55562](https://github.com/nodejs/node/pull/55562)
+* \[[`d62814dec0`](https://github.com/nodejs/node/commit/d62814dec0)] - **build**: set DESTCPU correctly for 'make binary' on loongarch64 (吴小白) [#56271](https://github.com/nodejs/node/pull/56271)
+* \[[`46194cf785`](https://github.com/nodejs/node/commit/46194cf785)] - **build**: fix missing fp16 dependency in d8 builds (Joyee Cheung) [#56266](https://github.com/nodejs/node/pull/56266)
+* \[[`cda0481bf6`](https://github.com/nodejs/node/commit/cda0481bf6)] - **build**: add major release action (Rafael Gonzaga) [#56199](https://github.com/nodejs/node/pull/56199)
+* \[[`273712fd32`](https://github.com/nodejs/node/commit/273712fd32)] - **build**: fix C string encoding for `PRODUCT_DIR_ABS` (Anna Henningsen) [#56111](https://github.com/nodejs/node/pull/56111)
+* \[[`6f49c8006c`](https://github.com/nodejs/node/commit/6f49c8006c)] - **build**: use variable for simdutf path (Shelley Vohr) [#56196](https://github.com/nodejs/node/pull/56196)
+* \[[`fcaa2c82a6`](https://github.com/nodejs/node/commit/fcaa2c82a6)] - **build**: fix GN build on macOS (Joyee Cheung) [#56141](https://github.com/nodejs/node/pull/56141)
+* \[[`08e5309f4f`](https://github.com/nodejs/node/commit/08e5309f4f)] - _**Revert**_ "**build**: avoid compiling with VS v17.12" (Gerhard Stöbich) [#56151](https://github.com/nodejs/node/pull/56151)
+* \[[`c2fb38cfdf`](https://github.com/nodejs/node/commit/c2fb38cfdf)] - **crypto**: graduate WebCryptoAPI Ed25519 and X25519 algorithms as stable (Filip Skokan) [#56142](https://github.com/nodejs/node/pull/56142)
+* \[[`c665f31d21`](https://github.com/nodejs/node/commit/c665f31d21)] - **deps**: update nghttp3 to 1.6.0 (Node.js GitHub Bot) [#56258](https://github.com/nodejs/node/pull/56258)
+* \[[`3783b9bbde`](https://github.com/nodejs/node/commit/3783b9bbde)] - **deps**: update simdutf to 5.6.4 (Node.js GitHub Bot) [#56255](https://github.com/nodejs/node/pull/56255)
+* \[[`91cdc42879`](https://github.com/nodejs/node/commit/91cdc42879)] - **deps**: update libuv to 1.49.2 (Luigi Pinca) [#56224](https://github.com/nodejs/node/pull/56224)
+* \[[`f352406f83`](https://github.com/nodejs/node/commit/f352406f83)] - **deps**: update c-ares to v1.34.4 (Node.js GitHub Bot) [#56256](https://github.com/nodejs/node/pull/56256)
+* \[[`05626bad3d`](https://github.com/nodejs/node/commit/05626bad3d)] - **deps**: define V8\_PRESERVE\_MOST as no-op on Windows (Stefan Stojanovic) [#56238](https://github.com/nodejs/node/pull/56238)
+* \[[`54308c51bb`](https://github.com/nodejs/node/commit/54308c51bb)] - **deps**: update sqlite to 3.47.2 (Node.js GitHub Bot) [#56178](https://github.com/nodejs/node/pull/56178)
+* \[[`1a593eea74`](https://github.com/nodejs/node/commit/1a593eea74)] - **dgram**: support blocklist in udp (theanarkh) [#56087](https://github.com/nodejs/node/pull/56087)
+* \[[`53bc0c5806`](https://github.com/nodejs/node/commit/53bc0c5806)] - **doc**: fix color contrast issue in light mode (Rich Trott) [#56272](https://github.com/nodejs/node/pull/56272)
+* \[[`082369159b`](https://github.com/nodejs/node/commit/082369159b)] - **doc**: stabilize util.styleText (Rafael Gonzaga) [#56265](https://github.com/nodejs/node/pull/56265)
+* \[[`e80cce0b12`](https://github.com/nodejs/node/commit/e80cce0b12)] - **doc**: clarify util.aborted resource usage (Kunal Kumar) [#55780](https://github.com/nodejs/node/pull/55780)
+* \[[`972c048d89`](https://github.com/nodejs/node/commit/972c048d89)] - **doc**: add esm examples to node:repl (Alfredo González) [#55432](https://github.com/nodejs/node/pull/55432)
+* \[[`21cc803480`](https://github.com/nodejs/node/commit/21cc803480)] - **doc**: add esm examples to node:readline (Alfredo González) [#55335](https://github.com/nodejs/node/pull/55335)
+* \[[`0d0e449c38`](https://github.com/nodejs/node/commit/0d0e449c38)] - **doc**: fix 'which' to 'that' and add commas (Selveter Senitro) [#56216](https://github.com/nodejs/node/pull/56216)
+* \[[`e148baea98`](https://github.com/nodejs/node/commit/e148baea98)] - **doc**: fix winget config path (Alex Yang) [#56233](https://github.com/nodejs/node/pull/56233)
+* \[[`419722ca70`](https://github.com/nodejs/node/commit/419722ca70)] - **doc**: add esm examples to node:tls (Alfredo González) [#56229](https://github.com/nodejs/node/pull/56229)
+* \[[`06cf077722`](https://github.com/nodejs/node/commit/06cf077722)] - **doc**: add esm examples to node:perf\_hooks (Alfredo González) [#55257](https://github.com/nodejs/node/pull/55257)
+* \[[`53fa38fbde`](https://github.com/nodejs/node/commit/53fa38fbde)] - **doc**: `sea.getRawAsset(key)` always returns an ArrayBuffer (沈鸿飞) [#56206](https://github.com/nodejs/node/pull/56206)
+* \[[`8092dcf27e`](https://github.com/nodejs/node/commit/8092dcf27e)] - **doc**: update announce documentation for releases (Rafael Gonzaga) [#56200](https://github.com/nodejs/node/pull/56200)
+* \[[`2974667815`](https://github.com/nodejs/node/commit/2974667815)] - **doc**: update blog link to /vulnerability (Rafael Gonzaga) [#56198](https://github.com/nodejs/node/pull/56198)
+* \[[`f3b3ff85e0`](https://github.com/nodejs/node/commit/f3b3ff85e0)] - **doc**: call out import.meta is only supported in ES modules (Anton Kastritskii) [#56186](https://github.com/nodejs/node/pull/56186)
+* \[[`a9e67280e7`](https://github.com/nodejs/node/commit/a9e67280e7)] - **doc**: add ambassador message - benefits of Node.js (Michael Dawson) [#56085](https://github.com/nodejs/node/pull/56085)
+* \[[`e4922ab15f`](https://github.com/nodejs/node/commit/e4922ab15f)] - **doc**: fix incorrect link to style guide (Yuan-Ming Hsu) [#56181](https://github.com/nodejs/node/pull/56181)
+* \[[`114a3e5a05`](https://github.com/nodejs/node/commit/114a3e5a05)] - **doc**: fix c++ addon hello world sample (Edigleysson Silva (Edy)) [#56172](https://github.com/nodejs/node/pull/56172)
+* \[[`f1c2d2f65e`](https://github.com/nodejs/node/commit/f1c2d2f65e)] - **doc**: update blog release-post link (Ruy Adorno) [#56123](https://github.com/nodejs/node/pull/56123)
+* \[[`d48b5224c0`](https://github.com/nodejs/node/commit/d48b5224c0)] - **doc**: fix module.md headings (Chengzhong Wu) [#56131](https://github.com/nodejs/node/pull/56131)
+* \[[`c21a9e0b46`](https://github.com/nodejs/node/commit/c21a9e0b46)] - **fs**: make mutating `options` in Callback `readdir()` not affect results (LiviaMedeiros) [#56057](https://github.com/nodejs/node/pull/56057)
+* \[[`2df8257c25`](https://github.com/nodejs/node/commit/2df8257c25)] - **fs**: make mutating `options` in Promises `readdir()` not affect results (LiviaMedeiros) [#56057](https://github.com/nodejs/node/pull/56057)
+* \[[`595851b5ed`](https://github.com/nodejs/node/commit/595851b5ed)] - **fs,win**: fix readdir for named pipe (Hüseyin Açacak) [#56110](https://github.com/nodejs/node/pull/56110)
+* \[[`e8294ad063`](https://github.com/nodejs/node/commit/e8294ad063)] - **http**: add setDefaultHeaders option to http.request (Tim Perry) [#56112](https://github.com/nodejs/node/pull/56112)
+* \[[`92d5a03d9e`](https://github.com/nodejs/node/commit/92d5a03d9e)] - **http2**: remove duplicate codeblock (Vitaly Aminev) [#55915](https://github.com/nodejs/node/pull/55915)
+* \[[`b0ebd23e52`](https://github.com/nodejs/node/commit/b0ebd23e52)] - **http2**: support ALPNCallback option (ZYSzys) [#56187](https://github.com/nodejs/node/pull/56187)
+* \[[`f10239fde7`](https://github.com/nodejs/node/commit/f10239fde7)] - **lib**: remove redundant global regexps (Gürgün Dayıoğlu) [#56182](https://github.com/nodejs/node/pull/56182)
+* \[[`fd55d3cbdd`](https://github.com/nodejs/node/commit/fd55d3cbdd)] - **lib**: clean up persisted signals when they are settled (Edigleysson Silva (Edy)) [#56001](https://github.com/nodejs/node/pull/56001)
+* \[[`889094fdbc`](https://github.com/nodejs/node/commit/889094fdbc)] - **lib**: handle Float16Array in node:v8 serdes (Bartek Iwańczuk) [#55996](https://github.com/nodejs/node/pull/55996)
+* \[[`5aec513207`](https://github.com/nodejs/node/commit/5aec513207)] - **lib**: disable default memory leak warning for AbortSignal (Lenz Weber-Tronic) [#55816](https://github.com/nodejs/node/pull/55816)
+* \[[`a9818860bb`](https://github.com/nodejs/node/commit/a9818860bb)] - **(SEMVER-MINOR)** **module**: add prefix-only modules to `module.builtinModules` (Jordan Harband) [#56185](https://github.com/nodejs/node/pull/56185)
+* \[[`9863d27566`](https://github.com/nodejs/node/commit/9863d27566)] - **(SEMVER-MINOR)** **module**: only emit require(esm) warning under --trace-require-module (Joyee Cheung) [#56194](https://github.com/nodejs/node/pull/56194)
+* \[[`5665e86da6`](https://github.com/nodejs/node/commit/5665e86da6)] - **module**: prevent main thread exiting before esm worker ends (Shima Ryuhei) [#56183](https://github.com/nodejs/node/pull/56183)
+* \[[`8e780bc5ae`](https://github.com/nodejs/node/commit/8e780bc5ae)] - **(SEMVER-MINOR)** **module**: use synchronous hooks for preparsing in import(cjs) (Joyee Cheung) [#55698](https://github.com/nodejs/node/pull/55698)
+* \[[`e5bb6c2303`](https://github.com/nodejs/node/commit/e5bb6c2303)] - **(SEMVER-MINOR)** **module**: implement module.registerHooks() (Joyee Cheung) [#55698](https://github.com/nodejs/node/pull/55698)
+* \[[`e7267679f6`](https://github.com/nodejs/node/commit/e7267679f6)] - **node-api**: allow napi\_delete\_reference in finalizers (Chengzhong Wu) [#55620](https://github.com/nodejs/node/pull/55620)
+* \[[`50ec6f9894`](https://github.com/nodejs/node/commit/50ec6f9894)] - **(SEMVER-MINOR)** **report**: fix typos in report keys and bump the version (Yuan-Ming Hsu) [#56068](https://github.com/nodejs/node/pull/56068)
+* \[[`a6f0cfa468`](https://github.com/nodejs/node/commit/a6f0cfa468)] - **sea**: only assert snapshot main function for main threads (Joyee Cheung) [#56120](https://github.com/nodejs/node/pull/56120)
+* \[[`8981dedc3e`](https://github.com/nodejs/node/commit/8981dedc3e)] - **(SEMVER-MINOR)** **sqlite**: aggregate constants in a single property (Edigleysson Silva (Edy)) [#56213](https://github.com/nodejs/node/pull/56213)
+* \[[`9d50d9c879`](https://github.com/nodejs/node/commit/9d50d9c879)] - **sqlite**: add support for custom functions (Colin Ihrig) [#55985](https://github.com/nodejs/node/pull/55985)
+* \[[`53cc0cc744`](https://github.com/nodejs/node/commit/53cc0cc744)] - **sqlite**: support `db.loadExtension` (Alex Yang) [#53900](https://github.com/nodejs/node/pull/53900)
+* \[[`3968599702`](https://github.com/nodejs/node/commit/3968599702)] - **src**: fix outdated js2c.cc references (Chengzhong Wu) [#56133](https://github.com/nodejs/node/pull/56133)
+* \[[`f86ca82684`](https://github.com/nodejs/node/commit/f86ca82684)] - **(SEMVER-MINOR)** **src,lib**: stabilize permission model (Rafael Gonzaga) [#56201](https://github.com/nodejs/node/pull/56201)
+* \[[`64a5fed86f`](https://github.com/nodejs/node/commit/64a5fed86f)] - **(SEMVER-MINOR)** **stream**: handle generator destruction from Duplex.from() (Matthieu Sieben) [#55096](https://github.com/nodejs/node/pull/55096)
+* \[[`a4a83613cb`](https://github.com/nodejs/node/commit/a4a83613cb)] - **stream**: commit pull-into descriptors after filling from queue (Mattias Buelens) [#56072](https://github.com/nodejs/node/pull/56072)
+* \[[`62b2f79170`](https://github.com/nodejs/node/commit/62b2f79170)] - **test**: remove test-sqlite-statement-sync flaky designation (Luigi Pinca) [#56051](https://github.com/nodejs/node/pull/56051)
+* \[[`df3e2df622`](https://github.com/nodejs/node/commit/df3e2df622)] - **test**: use --permission over --experimental-permission (Rafael Gonzaga) [#56239](https://github.com/nodejs/node/pull/56239)
+* \[[`ac222e1474`](https://github.com/nodejs/node/commit/ac222e1474)] - **test**: remove exludes for sea tests on PPC (Michael Dawson) [#56217](https://github.com/nodejs/node/pull/56217)
+* \[[`c2fb3a70b5`](https://github.com/nodejs/node/commit/c2fb3a70b5)] - **test**: fix test-abortsignal-drop-settled-signals flakiness (Edigleysson Silva (Edy)) [#56197](https://github.com/nodejs/node/pull/56197)
+* \[[`683cc15796`](https://github.com/nodejs/node/commit/683cc15796)] - **test**: move localizationd data from `test-icu-env` to external file (Livia Medeiros) [#55618](https://github.com/nodejs/node/pull/55618)
+* \[[`a0c4a5f122`](https://github.com/nodejs/node/commit/a0c4a5f122)] - **test**: update WPT for url to 6fa3fe8a92 (Node.js GitHub Bot) [#56136](https://github.com/nodejs/node/pull/56136)
+* \[[`a0e3926285`](https://github.com/nodejs/node/commit/a0e3926285)] - **test**: remove `hasOpenSSL3x` utils (Antoine du Hamel) [#56164](https://github.com/nodejs/node/pull/56164)
+* \[[`041a49094e`](https://github.com/nodejs/node/commit/041a49094e)] - **test**: update streams wpt (Mattias Buelens) [#56072](https://github.com/nodejs/node/pull/56072)
+* \[[`cd71d1838e`](https://github.com/nodejs/node/commit/cd71d1838e)] - **test\_runner**: exclude test files from coverage by default (Pietro Marchini) [#56060](https://github.com/nodejs/node/pull/56060)
+* \[[`88c4137890`](https://github.com/nodejs/node/commit/88c4137890)] - **tools**: fix `node:` enforcement for docs (Antoine du Hamel) [#56284](https://github.com/nodejs/node/pull/56284)
+* \[[`3392f33c00`](https://github.com/nodejs/node/commit/3392f33c00)] - **tools**: update github\_reporter to 1.7.2 (Node.js GitHub Bot) [#56205](https://github.com/nodejs/node/pull/56205)
+* \[[`32ff44b914`](https://github.com/nodejs/node/commit/32ff44b914)] - **tools**: add REPLACEME check to workflow (Mert Can Altin) [#56251](https://github.com/nodejs/node/pull/56251)
+* \[[`15e5c3ad5f`](https://github.com/nodejs/node/commit/15e5c3ad5f)] - **tools**: use `github.actor` instead of bot username for release proposals (Antoine du Hamel) [#56232](https://github.com/nodejs/node/pull/56232)
+* \[[`af02a5547d`](https://github.com/nodejs/node/commit/af02a5547d)] - _**Revert**_ "**tools**: disable automated libuv updates" (Luigi Pinca) [#56223](https://github.com/nodejs/node/pull/56223)
+* \[[`28cada6564`](https://github.com/nodejs/node/commit/28cada6564)] - **tools**: update gyp-next to 0.19.1 (Anna Henningsen) [#56111](https://github.com/nodejs/node/pull/56111)
+* \[[`ee95b3a0fe`](https://github.com/nodejs/node/commit/ee95b3a0fe)] - **tools**: fix release proposal linter to support more than 1 folk preparing (Antoine du Hamel) [#56203](https://github.com/nodejs/node/pull/56203)
+* \[[`fa667d609e`](https://github.com/nodejs/node/commit/fa667d609e)] - **tools**: remove has\_absl\_stringify from gyp file (Michaël Zasso) [#56157](https://github.com/nodejs/node/pull/56157)
+* \[[`65b541e70e`](https://github.com/nodejs/node/commit/65b541e70e)] - **tools**: enable linter for `tools/icu/**` (Livia Medeiros) [#56176](https://github.com/nodejs/node/pull/56176)
+* \[[`28a4b6ff58`](https://github.com/nodejs/node/commit/28a4b6ff58)] - **tools**: use commit title as PR title when creating release proposal (Antoine du Hamel) [#56165](https://github.com/nodejs/node/pull/56165)
+* \[[`e20eef659f`](https://github.com/nodejs/node/commit/e20eef659f)] - **tools**: update gyp-next to 0.19.0 (Node.js GitHub Bot) [#56158](https://github.com/nodejs/node/pull/56158)
+* \[[`efcc829085`](https://github.com/nodejs/node/commit/efcc829085)] - **tools**: bump the eslint group in /tools/eslint with 4 updates (dependabot\[bot]) [#56099](https://github.com/nodejs/node/pull/56099)
+* \[[`5620b2be8a`](https://github.com/nodejs/node/commit/5620b2be8a)] - **tools**: improve release proposal PR opening (Antoine du Hamel) [#56161](https://github.com/nodejs/node/pull/56161)
+* \[[`4280bd0dcb`](https://github.com/nodejs/node/commit/4280bd0dcb)] - **util**: harden more built-in classes against prototype pollution (Antoine du Hamel) [#56225](https://github.com/nodejs/node/pull/56225)
+* \[[`76915efdf7`](https://github.com/nodejs/node/commit/76915efdf7)] - **util**: fix Latin1 decoding to return string output (Mert Can Altin) [#56222](https://github.com/nodejs/node/pull/56222)
+* \[[`77397c5013`](https://github.com/nodejs/node/commit/77397c5013)] - **util**: do not rely on mutable `Object` and `Function`' `constructor` prop (Antoine du Hamel) [#56188](https://github.com/nodejs/node/pull/56188)
+* \[[`84f98e0a74`](https://github.com/nodejs/node/commit/84f98e0a74)] - **v8,tools**: expose experimental wasm revectorize feature (Yolanda-Chen) [#54896](https://github.com/nodejs/node/pull/54896)
+* \[[`8325fa5c04`](https://github.com/nodejs/node/commit/8325fa5c04)] - **worker**: fix crash when a worker joins after exit (Stephen Belanger) [#56191](https://github.com/nodejs/node/pull/56191)
+
 <a id="23.4.0"></a>
 
 ## 2024-12-10, Version 23.4.0 (Current), @aduh95 prepared by @targos
diff --git a/src/node_version.h b/src/node_version.h
index 84af47bd71dd72..0edfb7c3d8babc 100644
--- a/src/node_version.h
+++ b/src/node_version.h
@@ -23,13 +23,13 @@
 #define SRC_NODE_VERSION_H_
 
 #define NODE_MAJOR_VERSION 23
-#define NODE_MINOR_VERSION 4
-#define NODE_PATCH_VERSION 1
+#define NODE_MINOR_VERSION 5
+#define NODE_PATCH_VERSION 0
 
 #define NODE_VERSION_IS_LTS 0
 #define NODE_VERSION_LTS_CODENAME ""
 
-#define NODE_VERSION_IS_RELEASE 0
+#define NODE_VERSION_IS_RELEASE 1
 
 #ifndef NODE_STRINGIFY
 #define NODE_STRINGIFY(n) NODE_STRINGIFY_HELPER(n)