diff --git a/ChangeLog b/ChangeLog
index b4a09fa..487b9ca 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,10 +1,18 @@
 For detailed information about the changes below, please see the git log or
 visit: http://log.libusb.info
 
-2021-05-16: v1.0.25-pre
+2022-01-21: v1.0.25-rc1
+* Linux: Fix regression with some particular devices
+* Linux: Fix regression with libusb_handle_events_timeout_completed()
+* Linux: Fix regression with cpu usage in libusb_bulk_transfer
 * Darwin (macOS): Add support for detaching kernel drivers with authorization.
 * Darwin (macOS): Do not drop partial data on timeout.
 * Darwin (macOS): Silence pipe error in set_interface_alt_setting().
+* Windows: Fix HID backend missing byte
+* Windows: Fix segfault with libusbk driver
+* Windows: Fix regression when using libusb0 driver
+* Windows: Support LIBUSB_TRANSFER_ADD_ZERO_PACKET on winusb
+* New NO_DEVICE_DISCOVERY option replaces WEAK_AUTHORITY option
 
 2020-12-09: v1.0.24
 * Add new platform abstraction (#252)
diff --git a/libusb/version.h b/libusb/version.h
index d8ebde4..aaaa1a2 100644
--- a/libusb/version.h
+++ b/libusb/version.h
@@ -7,12 +7,12 @@
 #define LIBUSB_MINOR 0
 #endif
 #ifndef LIBUSB_MICRO
-#define LIBUSB_MICRO 24
+#define LIBUSB_MICRO 25
 #endif
 #ifndef LIBUSB_NANO
 #define LIBUSB_NANO 0
 #endif
 /* LIBUSB_RC is the release candidate suffix. Should normally be empty. */
 #ifndef LIBUSB_RC
-#define LIBUSB_RC ""
+#define LIBUSB_RC "-rc1"
 #endif
diff --git a/libusb/version_nano.h b/libusb/version_nano.h
index 47e2110..7d769ce 100644
--- a/libusb/version_nano.h
+++ b/libusb/version_nano.h
@@ -1 +1 @@
-#define LIBUSB_NANO 11687
+#define LIBUSB_NANO 11688