diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8269ad14a..4f33d5e8b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -58,6 +58,11 @@ Various other changes were merged in this release, including great
 documentation, a good number of smaller bugfixes, refactoring and a good bit
 more. For the details, see the changelog below.
 
+## 0.4.16-rc3 2018-07-09
+- Bugfixes
+  - Fix dht commands when ipns over pubsub is enabled ([ipfs/go-ipfs#5200](https://github.com/ipfs/go-ipfs/pull/5200))
+  - Fix content routing when ipns over pubsub is enabled ([ipfs/go-ipfs#5200](https://github.com/ipfs/go-ipfs/pull/5200))
+  - Correctly handle multi-hop dnslink resolution ([ipfs/go-ipfs#5202](https://github.com/ipfs/go-ipfs/pull/5202))
 
 ## 0.4.16-rc2 2018-07-05
 - Bugfixes
diff --git a/package.json b/package.json
index 8997340d5..8d9fef00c 100644
--- a/package.json
+++ b/package.json
@@ -551,6 +551,6 @@
   "language": "go",
   "license": "MIT",
   "name": "go-ipfs",
-  "version": "0.4.16-rc2"
+  "version": "0.4.16-rc3"
 }
 
diff --git a/repo/config/version.go b/repo/config/version.go
index 465fd9d60..6b57a8e9d 100644
--- a/repo/config/version.go
+++ b/repo/config/version.go
@@ -4,6 +4,6 @@ package config
 var CurrentCommit string
 
 // CurrentVersionNumber is the current application's version literal
-const CurrentVersionNumber = "0.4.16-rc2"
+const CurrentVersionNumber = "0.4.16-rc3"
 
 const ApiVersion = "/go-ipfs/" + CurrentVersionNumber + "/"