diff --git a/CHANGELOG.md b/CHANGELOG.md
index da7a48978820..9166363e9895 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,7 +4,10 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
-## [0.18.1] - 06/DD/2025
+## [0.18.1] - 06/24/2025
+
+This release achieves `dpnp` compatibility with Python 3.13 and enables distributing `dpnp` packages with the latest Python version.
+Moreover, the release provides compatibility with NumPy 2.3.0 and includes several bug fixes.
 
 ### Added
 
@@ -12,9 +15,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 
+* Updated the tests scope to exclude several `matmul` tests in case of numpy 2.3.0 due to known NumPy issue [#2495](https://github.com/IntelPython/dpnp/pull/2495)
+
 ### Fixed
 
-* Fixed a bug for calculating the norm (`dpnp.linalg.norm`) of empty arrays when `keepdims=True` is passed  [#2477](https://github.com/IntelPython/dpnp/pull/2477)
+* Fixed a bug for calculating the norm (`dpnp.linalg.norm`) of empty arrays when `keepdims=True` is passed [#2477](https://github.com/IntelPython/dpnp/pull/2477)
+* Updated the tests for hyperbolic and trigonometric elementwise functions to set correct tolerance for `float16` dtype [#2483](https://github.com/IntelPython/dpnp/pull/2483)
 
 
 ## [0.18.0] - 06/04/2025
@@ -50,7 +56,7 @@ Moreover, it adds support to build `dpnp` from the source for AMD GPUs.
 * Updated `dpnp.outer` to return the same dtype as NumPy when multiplying an array with a scalar [#2295](https://github.com/IntelPython/dpnp/pull/2295)
 * Changed `"max dimensions"` to `None` in array API capabilities [#2432](https://github.com/IntelPython/dpnp/pull/2432)
 * Updated kernel header `i0.hpp` to expose `cyl_bessel_i0` function depending on build target [#2440](https://github.com/IntelPython/dpnp/pull/2440)
-* Added MKL functions `arg`, `copysign`, `i0`, and `inv` from VM namespace to be used by implementation of the appropriate element-wise functions [#2445](https://github.com/IntelPython/dpnp/pull/2445)
+* Added MKL functions `arg`, `copysign`, `i0`, and `inv` from VM namespace to be used by implementation of the appropriate elementwise functions [#2445](https://github.com/IntelPython/dpnp/pull/2445)
 * Clarified details about conda install instructions in `Quick start quide` and `README` [#2446](https://github.com/IntelPython/dpnp/pull/2446)
 * Bumped oneMKL version up to `0.7` [#2448](https://github.com/IntelPython/dpnp/pull/2448)
 * The parameter `axis` in `dpnp.take_along_axis` function has now a default value of `-1` [#2442](https://github.com/IntelPython/dpnp/pull/2442)