diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1171319ef..a2bb52b2c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,8 +1,8 @@
 # Changelog
 
-## v0.34.1-rc1
+## v0.34.1
 
-*December 23, 2020*
+*January 6, 2021*
 
 Special thanks to external contributors on this release:
 
@@ -19,6 +19,9 @@ Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermi
 - CLI/RPC/Config
   - [cli] [\#5786](https://github.com/tendermint/tendermint/issues/5786) deprecate snake_case commands for hyphen-case (@cmwaters)
 
+- Go API
+  - [libs/protoio] [\#5868](https://github.com/tendermint/tendermint/issues/5868) Return number of bytes read in `Reader.ReadMsg()` (@erikgrinaker)
+
 ### IMPROVEMENTS
 
 - [mempool] [\#5813](https://github.com/tendermint/tendermint/issues/5813) Add `keep-invalid-txs-in-cache` config option. When set to true, mempool will keep invalid transactions in the cache (@p4u)
@@ -27,6 +30,7 @@ Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermi
 
 - [crypto] [\#5707](https://github.com/tendermint/tendermint/issues/5707) Fix infinite recursion in string formatting of Secp256k1 keys (@erikgrinaker)
 - [mempool] [\#5800](https://github.com/tendermint/tendermint/issues/5800) Disable `max-batch-bytes` (@melekes)
+- [p2p] [\#5868](https://github.com/tendermint/tendermint/issues/5868) Fix inbound traffic statistics and rate limiting in `MConnection` (@erikgrinaker)
 
 ## v0.34.0
 
diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index 0bada29ab..b2480c1cf 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -15,7 +15,6 @@ Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermi
 - P2P Protocol
 
 - Go API
-  - [libs/protoio] Return number of bytes read in `Reader.ReadMsg()` (@erikgrinaker)
 
 - Blockchain Protocol
 
@@ -25,4 +24,4 @@ Friendly reminder, we have a [bug bounty program](https://hackerone.com/tendermi
 
 ### BUG FIXES
 
-- [p2p] \#5868 Fix inbound traffic statistics and rate limiting in `MConnection` (@erikgrinaker)
+