diff --git a/NEWS b/NEWS
index a53148e..06c94b6 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,10 @@
+3.5
+---
+
+This update fixes sensor hotplugging, and fixes some sensors not working when
+they were assigned a sampling frequency they did not support. This update also
+adds more tests, and corrects the location of the D-Bus policy file.
+
 3.4
 ---
 
diff --git a/meson.build b/meson.build
index 724e0cb..767e539 100644
--- a/meson.build
+++ b/meson.build
@@ -1,5 +1,5 @@
 project('iio-sensor-proxy', [ 'c' ],
-        version: '3.4',
+        version: '3.5',
         license: 'GPLv3+',
         default_options: [
           'buildtype=debugoptimized',