diff --git a/VERSION b/VERSION
index 1490961..e7f5d1a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-v0.6.1
+v0.7.0
\ No newline at end of file
diff --git a/charts/metrics-operator/Chart.yaml b/charts/metrics-operator/Chart.yaml
index 6730b1b..b879a20 100644
--- a/charts/metrics-operator/Chart.yaml
+++ b/charts/metrics-operator/Chart.yaml
@@ -2,5 +2,5 @@ apiVersion: v2
 name: metrics-operator
 description: A Helm chart for the metrics-operator
 type: application
-version: v0.6.1
-appVersion: v0.6.1
+version: v0.7.0
+appVersion: v0.7.0
diff --git a/charts/metrics-operator/values.yaml b/charts/metrics-operator/values.yaml
index 27aa3c3..6fa260e 100644
--- a/charts/metrics-operator/values.yaml
+++ b/charts/metrics-operator/values.yaml
@@ -8,7 +8,7 @@ image:
   repository: ghcr.io/openmcp-project/github.com/openmcp-project/metrics-operator/images/metrics-operator
   pullPolicy: IfNotPresent
   # Overrides the image tag whose default is the chart appVersion.
-  tag: v0.6.1
+  tag: v0.7.0
 
 imagePullSecrets: []
 nameOverride: ""