diff --git a/.gitignore b/.gitignore
index 0a81a7725a..1ea2de17c9 100644
--- a/.gitignore
+++ b/.gitignore
@@ -16,3 +16,6 @@ build
 # Docs
 docs/api
 site
+
+# Kotlin
+.kotlin
diff --git a/CHANGELOG.md b/CHANGELOG.md
index c3f6c8cccd..076482cef5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Changelog
 
+## [2.7.0] - July 17, 2024
+
+- Slightly optimize internal coroutines usage to improve the performance of `ImageLoader.execute`, `AsyncImage`, `SubcomposeAsyncImage`, and `rememberAsyncImagePainter`.
+- Fix duplicate network calls for chunked responses.
+- Update Kotlin to 2.0.0.
+- Update Compose UI to 1.6.8.
+- Update Okio to 3.9.0.
+
 ## [2.6.0] - February 23, 2024
 
 - Make `rememberAsyncImagePainter`, `AsyncImage`, and `SubcomposeAsyncImage` [restartable and skippable](https://developer.android.com/jetpack/compose/performance/stability#functions). This should improve performance by avoiding recomposition unless one of the composable's arguments changes.
diff --git a/gradle.properties b/gradle.properties
index f24b9d7e79..0fd3ba823b 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -19,7 +19,7 @@ SONATYPE_HOST=DEFAULT
 RELEASE_SIGNING_ENABLED=true
 
 POM_GROUP_ID=io.coil-kt
-POM_VERSION=2.7.0-SNAPSHOT
+POM_VERSION=2.7.0
 
 POM_DESCRIPTION=An image loading library for Android backed by Kotlin Coroutines.
 POM_INCEPTION_YEAR=2019