diff --git a/CHANGELOG.md b/CHANGELOG.md
index 44266ff30..8c1e2e30a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,19 @@
+## 2.24.0-rc.0 / 2020-12-30
+
+* [FEATURE] Add TLS and basic authentication to HTTP endpoints. #8316
+* [FEATURE] promtool: Add `check web-config` subcommand to check web config files. #8319
+* [FEATURE] promtool: Add `tsdb create-blocks-from openmetrics` subcommand to backfill metrics data from an OpenMetrics file. #8084
+* [ENHANCEMENT] HTTP API: Fast-fail queries with only empty matchers. #8288
+* [ENHANCEMENT] HTTP API: Support matchers for labels API. #8301
+* [ENHANCEMENT] promtool: Improve checking of URLs passed on the command line. #7956
+* [ENHANCEMENT] SD: Expose IPv6 as a label in EC2 SD. #7086
+* [ENHANCEMENT] SD: Reuse EC2 client, reducing frequency of requesting credentials. #8311
+* [ENHANCEMENT] TSDB: Add logging when compaction takes more than the block time range. #8151
+* [ENHANCEMENT] TSDB: Avoid unnecessary GC runs after compaction. #8276 
+* [BUGFIX] HTTP API: Avoid double-closing of channel when quitting multiple times via HTTP. #8242
+* [BUGFIX] SD: Ignore CNAME records in DNS SD to avoid spurious `Invalid SRV record` warnings. #8216
+* [BUGFIX] SD: Avoid config error triggered by valid label selectors in Kubernetes SD. #8285
+
 ## 2.23.0 / 2020-11-26
 
 * [CHANGE] UI: Make the React UI default. #8142
diff --git a/VERSION b/VERSION
index e9763f6bf..44463d74c 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-2.23.0
+2.24.0-rc.0