diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 513479b..7ad23d8 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  "launchdarkly-server-sdk": "2.4.1"
+  "launchdarkly-server-sdk": "2.5.0"
 }
diff --git a/launchdarkly-server-sdk/CHANGELOG.md b/launchdarkly-server-sdk/CHANGELOG.md
index b26d61f..f0d9203 100644
--- a/launchdarkly-server-sdk/CHANGELOG.md
+++ b/launchdarkly-server-sdk/CHANGELOG.md
@@ -2,6 +2,18 @@
 
 All notable changes to the LaunchDarkly Rust server-side SDK will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [2.5.0](https://github.com/launchdarkly/rust-server-sdk/compare/2.4.1...2.5.0) (2025-03-21)
+
+
+### Features
+
+* Add support for daemon mode ([#110](https://github.com/launchdarkly/rust-server-sdk/issues/110)) ([1a16e39](https://github.com/launchdarkly/rust-server-sdk/commit/1a16e395a677b0a395279e25bc671e0149526e68))
+
+
+### Bug Fixes
+
+* Bump MSRV to 1.81 ([#109](https://github.com/launchdarkly/rust-server-sdk/issues/109)) ([1b472ff](https://github.com/launchdarkly/rust-server-sdk/commit/1b472ff0cab78802bd57ba217fd31e7aae11f685))
+
 ## [2.4.1](https://github.com/launchdarkly/rust-server-sdk/compare/2.4.0...2.4.1) (2024-12-13)
 
 
diff --git a/launchdarkly-server-sdk/Cargo.toml b/launchdarkly-server-sdk/Cargo.toml
index 599366d..d122a81 100644
--- a/launchdarkly-server-sdk/Cargo.toml
+++ b/launchdarkly-server-sdk/Cargo.toml
@@ -1,7 +1,7 @@
 [package]
 name = "launchdarkly-server-sdk"
 description = "LaunchDarkly Server-Side SDK"
-version = "2.4.1"
+version = "2.5.0"
 authors = ["LaunchDarkly"]
 edition = "2021"
 rust-version = "1.81.0"  # MSRV