diff --git a/CHANGELOG.md b/CHANGELOG.md
index 16553bd77..be8dfa5c8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,29 @@
 # Changelog
 
+## [0.35.0](https://github.com/nodejs/corepack/compare/v0.34.7...v0.35.0) (2026-05-15)
+
+
+### ⚠ BREAKING CHANGES
+
+* Drop support for Node.js 20 and Node.js 25.
+* Switching to Node.js built-in proxy support, meaning that proxy support is now
+  gated by having `NODE_USE_ENV_PROXY` set as an environment variable.
+
+### Features
+
+* update package manager versions ([#820](https://github.com/nodejs/corepack/issues/820)) ([fdbd751](https://github.com/nodejs/corepack/commit/fdbd751d9851a50730925de053e9722963c2e135))
+
+
+### Bug Fixes
+
+* target node 22.22.2 in esbuild ([#845](https://github.com/nodejs/corepack/issues/845)) ([0f01502](https://github.com/nodejs/corepack/commit/0f01502fd8832649a573bc68e1851128f547646d))
+
+
+### Miscellaneous Chores
+
+* **deps:** bump engine support matrix ([88c602a](https://github.com/nodejs/corepack/commit/88c602a6ea3f75bf30dc1d071bdb488fae2c8276))
+* **deps:** drop Undici and `proxy-from-env` ([8167b0d](https://github.com/nodejs/corepack/commit/8167b0d65acc091af464ead019f7485cb512082f))
+
 ## [0.34.7](https://github.com/nodejs/corepack/compare/v0.34.6...v0.34.7) (2026-04-17)
 
 
diff --git a/package.json b/package.json
index 84d58d85f..3ec1db1d0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "corepack",
-  "version": "0.34.7",
+  "version": "0.35.0",
   "homepage": "https://github.com/nodejs/corepack#readme",
   "bugs": {
     "url": "https://github.com/nodejs/corepack/issues"