diff --git a/Releases.md b/Releases.md
index 191f5478d6fe..05aed3b73c60 100644
--- a/Releases.md
+++ b/Releases.md
@@ -1,3 +1,7 @@
+### 0.188.0 / 2023.05.18
+
+- fix(flags): correctly collect default value (#3380)
+
 ### 0.187.0 / 2023.05.12
 
 - feat(collections): add `partitionEntries` (#3365)
diff --git a/version.ts b/version.ts
index 848c90f14f1b..83c714d3a524 100644
--- a/version.ts
+++ b/version.ts
@@ -5,4 +5,4 @@
  * the cli's API is stable. In the future when std becomes stable, likely we
  * will match versions with cli as we have in the past.
  */
-export const VERSION = "0.187.0";
+export const VERSION = "0.188.0";