diff --git a/smart-contracts/wasm-chain-integration/CHANGELOG.md b/smart-contracts/wasm-chain-integration/CHANGELOG.md
index 842155895..7f340ca00 100644
--- a/smart-contracts/wasm-chain-integration/CHANGELOG.md
+++ b/smart-contracts/wasm-chain-integration/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 ## Unreleased changes
 
+## concordium-smart-contract-engine 6.0.0 (2024-09-09)
+
+- Bump `concordium-wasm` to version 5 used by Concordium node version 7.0.0.
+  - Changes Wasm to `Artifact` compilation, meaning already compiled `Artifacts` will need to be recompiled.
+  - Introduces a new version of cost assignment used in Concordium Protocol Version 7.
+- Loose the minor version for `concordium-contracts-common` dependency.
+
 ## concordium-smart-contract-engine 5.0.0 (2024-03-25)
 
 - `TestHost` no longer implements the `ValidateImportExport` trait, instead use `NoDuplicateImport` struct.
diff --git a/smart-contracts/wasm-chain-integration/Cargo.lock b/smart-contracts/wasm-chain-integration/Cargo.lock
index eff9400ed..304681826 100644
--- a/smart-contracts/wasm-chain-integration/Cargo.lock
+++ b/smart-contracts/wasm-chain-integration/Cargo.lock
@@ -352,7 +352,7 @@ dependencies = [
 
 [[package]]
 name = "concordium-smart-contract-engine"
-version = "5.0.0"
+version = "6.0.0"
 dependencies = [
  "anyhow",
  "arbitrary",
@@ -379,7 +379,7 @@ dependencies = [
 
 [[package]]
 name = "concordium-wasm"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "concordium-contracts-common",
diff --git a/smart-contracts/wasm-chain-integration/Cargo.toml b/smart-contracts/wasm-chain-integration/Cargo.toml
index dbd31ba33..03fd8ea40 100644
--- a/smart-contracts/wasm-chain-integration/Cargo.toml
+++ b/smart-contracts/wasm-chain-integration/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "concordium-smart-contract-engine"
-version = "5.0.0"
+version = "6.0.0"
 authors = ["Concordium <developers@concordium.com>"]
 edition = "2021"
 license-file = "../../LICENSE"
@@ -42,10 +42,10 @@ rand = { version = "=0.8", features = ["small_rng"] }
 
 [dependencies.concordium-wasm]
 path = "../wasm-transform"
-version = "4"
+version = "5"
 
 [dependencies.concordium-contracts-common]
-version = "9.0"
+version = "9"
 path = "../contracts-common/concordium-contracts-common"
 features = ["derive-serde"]
 
diff --git a/smart-contracts/wasm-transform/CHANGELOG.md b/smart-contracts/wasm-transform/CHANGELOG.md
index 9f2a56ad4..0d409d592 100644
--- a/smart-contracts/wasm-transform/CHANGELOG.md
+++ b/smart-contracts/wasm-transform/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased changes
 
+## concordium-wasm 5.0.0 (2024-09-09)
+
 - Revise the compilation of Wasm modules to `Artifacts`. The notion of the
   executable artifact is changed to no longer work with a stack.
 - The `Handler` trait is revised to provide `handle_opcode` function information
diff --git a/smart-contracts/wasm-transform/Cargo.toml b/smart-contracts/wasm-transform/Cargo.toml
index e5dd05e40..edd0028f8 100644
--- a/smart-contracts/wasm-transform/Cargo.toml
+++ b/smart-contracts/wasm-transform/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "concordium-wasm"
-version = "4.0.0"
+version = "5.0.0"
 authors = ["Concordium <developers@concordium.com>"]
 edition = "2021"
 license-file = "../../LICENSE"