diff --git a/docs/overview/changelog.md b/docs/overview/changelog.md
index fee22f8a33..f30ce7e3e0 100644
--- a/docs/overview/changelog.md
+++ b/docs/overview/changelog.md
@@ -5,7 +5,7 @@ This page the release history for the Zulip server. See also the
 
 ## Zulip 7.x series
 
-### 7.0 -- unreleased
+### 7.0-beta3 -- 2023-05-29
 
 This section is an incomplete draft of the release notes for the next
 major release, and is only updated occasionally. See the [commit
diff --git a/version.py b/version.py
index 478f910db6..21db3a0ead 100644
--- a/version.py
+++ b/version.py
@@ -1,6 +1,6 @@
 import os
 
-ZULIP_VERSION = "7.0-dev+git"
+ZULIP_VERSION = "7.0-beta3"
 
 # Add information on number of commits and commit hash to version, if available
 zulip_git_version_file = os.path.join(