diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 1b77f506..6538ca91 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.7.0"
+  ".": "0.8.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 116a6a63..1bac0333 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,14 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
+## 0.8.0 (2025-11-11)
+
+Full Changelog: [v0.7.0...v0.8.0](https://github.com/openlayer-ai/openlayer-python/compare/v0.7.0...v0.8.0)
+
+### Features
+
+* **closes OPEN-7550:** add tracing for openai chat completions parse method ([47c4487](https://github.com/openlayer-ai/openlayer-python/commit/47c44873375faf333191e92751ba22eda7b7cd6f))
+
 ## 0.7.0 (2025-11-11)
 
 Full Changelog: [v0.6.0...v0.7.0](https://github.com/openlayer-ai/openlayer-python/compare/v0.6.0...v0.7.0)
diff --git a/pyproject.toml b/pyproject.toml
index 613a75b2..edb2f0c6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openlayer"
-version = "0.7.0"
+version = "0.8.0"
 description = "The official Python library for the openlayer API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openlayer/_version.py b/src/openlayer/_version.py
index 4ce1e0dd..f0b93ac6 100644
--- a/src/openlayer/_version.py
+++ b/src/openlayer/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "openlayer"
-__version__ = "0.7.0"  # x-release-please-version
+__version__ = "0.8.0"  # x-release-please-version