diff --git a/CHANGELOG.md b/CHANGELOG.md
index 57e14a5e6f..25a419e767 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,16 @@ We use *breaking :warning:* to mark changes that are not backward compatible (re
 
 ## Unreleased
 
+### Fixed
+
+### Added
+
+### Changed
+
+### Removed
+
+## [v0.32.0](https://github.com/thanos-io/thanos/tree/release-0.32) - Release in progress
+
 ### Added
 
 - [#6437](https://github.com/thanos-io/thanos/pull/6437) Receive: make tenant stats limit configurable
@@ -29,19 +39,21 @@ We use *breaking :warning:* to mark changes that are not backward compatible (re
 - [#6560](https://github.com/thanos-io/thanos/pull/6560) Thanos ruler: add flag to optionally disable adding Thanos params when querying metrics
 - [#6574](https://github.com/thanos-io/thanos/pull/6574) Tools: Add min and max compactions range flags to `bucket replicate` command.
 - [#6593](https://github.com/thanos-io/thanos/pull/6574) Store: Add `thanos_bucket_store_chunk_refetches_total` metric to track number of chunk refetches.
+- [#6264](https://github.com/thanos-io/thanos/pull/6264) Query: Add Thanos logo in navbar
+- [#6234](https://github.com/thanos-io/thanos/pull/6234) Query: Add ability to switch between `thanos` and `prometheus` engines dynamically via UI and API.
+- [#6346](https://github.com/thanos-io/thanos/pull/6346) Query: Add ability to generate SQL-like query explanations when `thanos` engine is used.
 
 ### Fixed
 - [#6503](https://github.com/thanos-io/thanos/pull/6503) *: Change the engine behind `ContentPathReloader` to be completely independent of any filesystem concept. This effectively fixes this configuration reload when used with Kubernetes ConfigMaps, Secrets, or other volume mounts.
-- [#6496](https://github.com/thanos-io/thanos/pull/6496) *: Remove unnecessary configuration reload from `ContentPathReloader` and improve its tests.
 - [#6456](https://github.com/thanos-io/thanos/pull/6456) Store: fix crash when computing set matches from regex pattern
-- [#6427](https://github.com/thanos-io/thanos/pull/6427) Receive: increasing log level for failed uploads to error
+- [#6427](https://github.com/thanos-io/thanos/pull/6427) Receive: increased log level for failed uploads to `error`
 - [#6172](https://github.com/thanos-io/thanos/pull/6172) query-frontend: return JSON formatted errors for invalid PromQL expression in the split by interval middleware.
 - [#6171](https://github.com/thanos-io/thanos/pull/6171) Store: fix error handling on limits.
 - [#6183](https://github.com/thanos-io/thanos/pull/6183) Receiver: fix off by one in multitsdb flush that will result in empty blocks if the head only contains one sample
 - [#6197](https://github.com/thanos-io/thanos/pull/6197) Exemplar OTel: Fix exemplar for otel to use traceId instead of spanId and sample only if trace is sampled
 - [#6207](https://github.com/thanos-io/thanos/pull/6207) Receive: Remove the shipper once a tenant has been pruned.
 - [#6216](https://github.com/thanos-io/thanos/pull/6216) Receiver: removed hard-coded value of EnableExemplarStorage flag and set it according to max-exemplar value.
-- [#6222](https://github.com/thanos-io/thanos/pull/6222) mixin(Receive): Fix tenant series received charts.
+- [#6222](https://github.com/thanos-io/thanos/pull/6222) mixin(Receive): Fix tenant series received dashboard widget.
 - [#6218](https://github.com/thanos-io/thanos/pull/6218) mixin(Store): handle ResourceExhausted as a non-server error. As a consequence, this error won't contribute to Store's grpc errors alerts.
 - [#6271](https://github.com/thanos-io/thanos/pull/6271) Receive: Fix segfault in `LabelValues` during head compaction.
 - [#6306](https://github.com/thanos-io/thanos/pull/6306) Tracing: tracing in OTLP utilize the OTEL_TRACES_SAMPLER env variable
@@ -54,6 +66,8 @@ We use *breaking :warning:* to mark changes that are not backward compatible (re
 - [#6509](https://github.com/thanos-io/thanos/pull/6509) Store Gateway: Remove `memWriter` from `fileWriter` to reduce memory usage when sync index headers.
 - [#6556](https://github.com/thanos-io/thanos/pull/6556) Thanos compact: respect block-files-concurrency setting when downsampling
 - [#6592](https://github.com/thanos-io/thanos/pull/6592) Query Frontend: fix bugs in vertical sharding `without` and `union` function to allow more queries to be shardable.
+- [#6317](https://github.com/thanos-io/thanos/pull/6317) *: Fix internal label deduplication bug, by resorting store response set.
+- [#6189](https://github.com/thanos-io/thanos/pull/6189) Rule: Fix panic when calling API `/api/v1/rules?type=alert`.
 
 ### Changed
 - [#6049](https://github.com/thanos-io/thanos/pull/6049) Compact: *breaking :warning:* Replace group with resolution in compact metrics to avoid cardinality explosion on compact metrics for large numbers of groups.
@@ -66,18 +80,24 @@ We use *breaking :warning:* to mark changes that are not backward compatible (re
 - [#6244](https://github.com/thanos-io/thanos/pull/6244) mixin(Rule): Add rule evaluation failures to the Rule dashboard.
 - [#6303](https://github.com/thanos-io/thanos/pull/6303) Store: added and start using streamed snappy encoding for postings list instead of block based one. This leads to constant memory usage during decompression. This approximately halves memory usage when decompressing a postings list in index cache.
 - [#6071](https://github.com/thanos-io/thanos/pull/6071) Query Frontend: *breaking :warning:* Add experimental native histogram support for which we updated and aligned with the [Prometheus common](https://github.com/prometheus/common) model, which is used for caching so a cache reset required.
-- [#6163](https://github.com/thanos-io/thanos/pull/6163) Receiver: changed max backoff from 30s to 5s for forwarding requests. Can be configured with `--receive-forward-max-backoff`.
+- [#6163](https://github.com/thanos-io/thanos/pull/6163) Receiver: changed default max backoff from 30s to 5s for forwarding requests. Can be configured with `--receive-forward-max-backoff`.
 - [#6327](https://github.com/thanos-io/thanos/pull/6327) *: *breaking :warning:* Use histograms instead of summaries for instrumented handlers.
 - [#6322](https://github.com/thanos-io/thanos/pull/6322) Logging: Avoid expensive log.Valuer evaluation for disallowed levels.
 - [#6358](https://github.com/thanos-io/thanos/pull/6358) Query: Add +Inf bucket to query duration metrics
 - [#6363](https://github.com/thanos-io/thanos/pull/6363) Store: Check context error when expanding postings.
 - [#6405](https://github.com/thanos-io/thanos/pull/6405) Index Cache: Change postings cache key to include the encoding format used so that older Thanos versions would not try to decode it during the deployment of a new version.
-- [#6432](https://github.com/thanos-io/thanos/pull/6432) Receive: Remove duplicated `gopkg.in/fsnotify.v1` dependency
 - [#6479](https://github.com/thanos-io/thanos/pull/6479) Store: *breaking :warning:* Rename `thanos_bucket_store_cached_series_fetch_duration_seconds` to `thanos_bucket_store_series_fetch_duration_seconds` and `thanos_bucket_store_cached_postings_fetch_duration_seconds` to `thanos_bucket_store_postings_fetch_duration_seconds`.
 - [#6474](https://github.com/thanos-io/thanos/pull/6474) Store/Compact: Reduce a large amount of `Exists` API calls against object storage when synchronizing meta files in favour of a recursive `Iter` call.
 - [#6548](https://github.com/thanos-io/thanos/pull/6548) Objstore: Bump minio-go to v7.0.61.
+- [#6187](https://github.com/thanos-io/thanos/pull/6187) *: Unify gRPC flags for all servers.
+- [#6267](https://github.com/thanos-io/thanos/pull/6267) Query: Support unicode external label truncation.
+- [#6371](https://github.com/thanos-io/thanos/pull/6371) Query: Only keep name in UI `store_matches` param.
+- [#6609](https://github.com/thanos-io/thanos/pull/6609) *: Bump `go4.org/intern` to fix Go 1.21 builds.
 
 ### Removed
+- [#6496](https://github.com/thanos-io/thanos/pull/6496) *: Remove unnecessary configuration reload from `ContentPathReloader` and improve its tests.
+- [#6432](https://github.com/thanos-io/thanos/pull/6432) Receive: Remove duplicated `gopkg.in/fsnotify.v1` dependency.
+- [#6332](https://github.com/thanos-io/thanos/pull/6332) *: Remove unmaintained `gzip` dependency.
 
 ## [v0.31.0](https://github.com/thanos-io/thanos/tree/release-0.31) - 22.03.2023
 
diff --git a/VERSION b/VERSION
index 5301df0d6d..d535f78d38 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.32.0-dev
\ No newline at end of file
+0.33.0-dev
\ No newline at end of file