diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 27d2fbbc0..078b9e28f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "3.7.0"
+  ".": "3.8.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3941f75fa..62111149b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Changelog
 
+## [3.8.0](https://github.com/microsoft/OpenAPI.NET/compare/v3.7.0...v3.8.0) (2026-06-26)
+
+
+### Features
+
+* **library:** support schema keywords on references ([434b2f8](https://github.com/microsoft/OpenAPI.NET/commit/434b2f8b34e4a3a27bd99e43f61692f0b00c3054))
+* **library:** support schema keywords on references ([66a9d04](https://github.com/microsoft/OpenAPI.NET/commit/66a9d04036556945ee3222849b7d071a30016b81)), closes [#2903](https://github.com/microsoft/OpenAPI.NET/issues/2903)
+
+
+### Bug Fixes
+
+* **library:** keep v3 schema references ref-only ([c938727](https://github.com/microsoft/OpenAPI.NET/commit/c9387274be6a6955952174d677bea0a35bda2624))
+* preserve JSON Schema 2020-12 keyword siblings on $ref schemas for OAS 3.1+ ([#2896](https://github.com/microsoft/OpenAPI.NET/issues/2896)) ([08160c8](https://github.com/microsoft/OpenAPI.NET/commit/08160c872a5f931eecd12446335c2f51fdad083e))
+* use async method for crypto flush ([6e675d9](https://github.com/microsoft/OpenAPI.NET/commit/6e675d943537312386c9683790848ad1cbacb713))
+
 ## [3.7.0](https://github.com/microsoft/OpenAPI.NET/compare/v3.6.0...v3.7.0) (2026-06-10)
 
 
diff --git a/Directory.Build.props b/Directory.Build.props
index 4924b7fd1..f42f177a9 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -12,7 +12,7 @@
     <PackageProjectUrl>https://github.com/Microsoft/OpenAPI.NET</PackageProjectUrl>
     <Copyright>© Microsoft Corporation. All rights reserved.</Copyright>
     <PackageTags>OpenAPI .NET</PackageTags>
-    <Version>3.7.0</Version>
+    <Version>3.8.0</Version>
   </PropertyGroup>
   <!-- https://github.com/clairernovotny/DeterministicBuilds#deterministic-builds -->
   <PropertyGroup Condition="'$(TF_BUILD)' == 'true'">