diff --git a/CHANGELOG.md b/CHANGELOG.md
index de559ad2..51b38437 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Version History
 
+## Release v2.8.8
+* pyenv-binary: allow local definitions to override published packages by @macayu17 in https://github.com/pyenv/pyenv/pull/3577
+* exec: add the `--environment` option for programs that embed `libpython` without a path by @Romwierz in https://github.com/pyenv/pyenv/pull/3537
+* Add CPython 3.15.0rc3 by @pyenv-bot[bot] in https://github.com/pyenv/pyenv/pull/3578
 
 ## Release v2.8.7
 * Fix rehash repair of individually corrupted shims by @aprylewu in https://github.com/pyenv/pyenv/pull/3540
diff --git a/libexec/pyenv---version b/libexec/pyenv---version
index 33a7f3ee..83e3e8ab 100755
--- a/libexec/pyenv---version
+++ b/libexec/pyenv---version
@@ -12,7 +12,7 @@
 set -e
 [ -n "$PYENV_DEBUG" ] && set -x
 
-version="2.8.7"
+version="2.8.8"
 git_revision=""
 
 if cd "${BASH_SOURCE%/*}" 2>/dev/null && git remote -v 2>/dev/null | grep -q pyenv; then
diff --git a/plugins/python-build/bin/python-build b/plugins/python-build/bin/python-build
index c68bca16..12ea3f06 100755
--- a/plugins/python-build/bin/python-build
+++ b/plugins/python-build/bin/python-build
@@ -14,7 +14,7 @@
 #   -g/--debug       Build a debug version
 #
 
-PYTHON_BUILD_VERSION="2.8.7"
+PYTHON_BUILD_VERSION="2.8.8"
 
 OLDIFS="$IFS"