diff --git a/Cargo.lock b/Cargo.lock
index 30210894f..34ae3cae0 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -595,7 +595,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-profiling"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "bitmaps",
@@ -626,7 +626,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-profiling-ffi"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "chrono",
@@ -642,7 +642,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-profiling-replayer"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "clap",
@@ -754,7 +754,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-trace-normalization"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "datadog-trace-protobuf",
@@ -764,7 +764,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-trace-obfuscation"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "criterion",
@@ -782,7 +782,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-trace-protobuf"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "prost",
  "prost-build",
@@ -793,7 +793,7 @@ dependencies = [
 
 [[package]]
 name = "datadog-trace-utils"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "datadog-trace-normalization",
@@ -813,7 +813,7 @@ dependencies = [
 
 [[package]]
 name = "ddcommon"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "futures",
@@ -838,7 +838,7 @@ dependencies = [
 
 [[package]]
 name = "ddcommon-ffi"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "ddcommon",
@@ -847,7 +847,7 @@ dependencies = [
 
 [[package]]
 name = "ddtelemetry"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "anyhow",
  "ddcommon",
@@ -871,7 +871,7 @@ dependencies = [
 
 [[package]]
 name = "ddtelemetry-ffi"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "ddcommon",
  "ddcommon-ffi",
@@ -2925,7 +2925,7 @@ dependencies = [
 
 [[package]]
 name = "tools"
-version = "4.0.0"
+version = "5.0.0"
 dependencies = [
  "lazy_static",
  "regex",
diff --git a/Cargo.toml b/Cargo.toml
index 7b3eb4553..2a5f8b292 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -34,7 +34,7 @@ resolver = "2"
 [workspace.package]
 rust-version = "1.69"
 edition = "2021"
-version = "4.0.0"
+version = "5.0.0"
 license = "Apache-2.0"
 
 [profile.dev]