diff --git a/CHANGELOG.md b/CHANGELOG.md
index b1894810..c44eba1d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,17 @@
+5.0.0 / 2024-04-14
+==================
+
+Breaking Changes
+----------------
+* Remove CLDURLCache in favor of native URLCache
+* Remove ImageCache
+* Old cache saved to the disk will be purged
+
+New functionality
+-----------------
+* Add URLCache support for `CLDUIImageVIew`
+
+
 4.7.0 / 2024-03-25
 ==================
 
diff --git a/Cloudinary.podspec b/Cloudinary.podspec
index 0a0f1f2b..80962364 100644
--- a/Cloudinary.podspec
+++ b/Cloudinary.podspec
@@ -8,7 +8,7 @@
 
 Pod::Spec.new do |s|
     s.name             = 'Cloudinary'
-    s.version          = '4.7.0'
+    s.version          = '5.0.0'
     s.summary          = "Cloudinary is a cloud service that offers a solution to a web application's entire image management pipeline."
     
     s.description      = <<-DESC
diff --git a/Cloudinary/Classes/Core/Network/CLDNetworkCoordinator.swift b/Cloudinary/Classes/Core/Network/CLDNetworkCoordinator.swift
index 72bf6cea..3adfdb10 100644
--- a/Cloudinary/Classes/Core/Network/CLDNetworkCoordinator.swift
+++ b/Cloudinary/Classes/Core/Network/CLDNetworkCoordinator.swift
@@ -27,7 +27,7 @@ import UIKit
 
 internal class CLDNetworkCoordinator: NSObject {
 
-    static let DEFAULT_VERSION =        "4.7.0"
+    static let DEFAULT_VERSION =        "5.0.0"
     
     fileprivate struct CLDNetworkCoordinatorConsts {
         static let BASE_CLOUDINARY_URL =    "https://api.cloudinary.com"