diff --git a/readthedocs/misc/changelog.rst b/readthedocs/misc/changelog.rst
index 24f5d6b4..0155a934 100644
--- a/readthedocs/misc/changelog.rst
+++ b/readthedocs/misc/changelog.rst
@@ -13,6 +13,22 @@ it can take advantage of new goodies!
 
 .. contents:: List of All Versions
 
+New layer (v1.38)
+=================
+
++------------------------+
+| Scheme layer used: 193 |
++------------------------+
+
+`View new and changed raw API methods <https://diff.telethon.dev/?from=188&to=193>`__.
+
+Bug fixes
+~~~~~~~~~
+
+* Formatting entities misbehaved with albums.
+* Sending a Message object with a file did not use the new file.
+
+
 New layer (v1.37)
 =================
 
diff --git a/telethon/version.py b/telethon/version.py
index 9f17f0ab..d8c63aac 100644
--- a/telethon/version.py
+++ b/telethon/version.py
@@ -1,3 +1,3 @@
 # Versions should comply with PEP440.
 # This line is parsed in setup.py:
-__version__ = '1.37.0'
+__version__ = '1.38.0'