diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2bf6399b1a..c68d4e0ef3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,7 +8,9 @@ Additionally we have an `Internal` section for changes that are of interest to d
 
 Dates in this file are formattes as `YYYY-MM-DD`.
 
-## [`x.y.z`] - UNRELEASED
+## [`0.23.0`] - 2023-01-19
+
+> **Note:** This is the Wasmtime API Compatibility update.
 
 ### Added
 
diff --git a/crates/core/Cargo.toml b/crates/core/Cargo.toml
index ac08936dbe..8a467be357 100644
--- a/crates/core/Cargo.toml
+++ b/crates/core/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "wasmi_core"
-version = "0.7.0"
+version = "0.8.0"
 documentation = "https://docs.rs/wasmi_core"
 description = "Core primitives for the wasmi WebAssembly interpreter"
 authors.workspace = true
diff --git a/crates/wasi/Cargo.toml b/crates/wasi/Cargo.toml
index 576e4f0100..693a0e8fe3 100644
--- a/crates/wasi/Cargo.toml
+++ b/crates/wasi/Cargo.toml
@@ -10,7 +10,7 @@ edition = "2021"
 wasi-common = "2.0"
 wasi-cap-std-sync = "2.0"
 wiggle = { version = "2.0", default-features = false, features = ["wiggle_metadata"] }
-wasmi = { version = "0.22.0", path = "../wasmi" }
+wasmi = { version = "0.23.0", path = "../wasmi" }
 
 [dev-dependencies]
 wat = "1.0.50"
diff --git a/crates/wasmi/Cargo.toml b/crates/wasmi/Cargo.toml
index 6d14dbcca0..30f79e6784 100644
--- a/crates/wasmi/Cargo.toml
+++ b/crates/wasmi/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "wasmi"
-version = "0.22.0"
+version = "0.23.0"
 documentation = "https://docs.rs/wasmi/"
 description = "WebAssembly interpreter"
 exclude = ["tests/*", "benches/*"]
@@ -14,7 +14,7 @@ categories.workspace = true
 
 [dependencies]
 wasmparser = { version = "0.91", package = "wasmparser-nostd", default-features = false }
-wasmi_core = { version = "0.7", path = "../core", default-features = false }
+wasmi_core = { version = "0.8", path = "../core", default-features = false }
 wasmi_arena = { version = "0.3", path = "../arena", default-features = false }
 spin = { version = "0.9", default-features = false, features = [
     "mutex",