diff --git a/build/GlobalAssemblyInfo.cs b/build/GlobalAssemblyInfo.cs
index e9236498a..d2cf8fe76 100644
--- a/build/GlobalAssemblyInfo.cs
+++ b/build/GlobalAssemblyInfo.cs
@@ -1,5 +1,5 @@
 using System.Reflection;
 
 [assembly: AssemblyProduct("SMAPI")]
-[assembly: AssemblyVersion("2.5.3")]
-[assembly: AssemblyFileVersion("2.5.3")]
+[assembly: AssemblyVersion("2.5.4")]
+[assembly: AssemblyFileVersion("2.5.4")]
diff --git a/docs/release-notes.md b/docs/release-notes.md
index c30d3a3b6..b33008008 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -17,14 +17,20 @@
 
 ## 2.5.4
 * For players:
-  * Fixed some textures not updated when a mod changes them (notably animals, fences, NPCs, and trees).
+  * Fixed some textures not updated when a mod changes them.
   * Fixed visual bug on Linux/Mac when mods overlay textures.
-  * Fixed error when a mod removes an asset editor/loader.
-  * Fixed minimum game version incorrectly changed from 1.2.30 to 1.2.33 in SMAPI 2.5.3.
+  * Fixed error when mods remove an asset editor/loader.
+  * Fixed minimum game version incorrectly increased in SMAPI 2.5.3.
 
 * For the [log parser][]:
   * Fixed error when log text contains certain tokens.
 
+* For modders:
+  * Updated to Json.NET 11.0.2.
+
+* For SMAPI developers:
+  * Added support for beta update track to support upcoming Stardew Valley 1.3 beta.
+
 ## 2.5.3
 * For players:
   * Simplified and improved skipped-mod messages.
diff --git a/src/SMAPI.Mods.ConsoleCommands/manifest.json b/src/SMAPI.Mods.ConsoleCommands/manifest.json
index 785af01aa..a56cf66d8 100644
--- a/src/SMAPI.Mods.ConsoleCommands/manifest.json
+++ b/src/SMAPI.Mods.ConsoleCommands/manifest.json
@@ -1,7 +1,7 @@
 {
   "Name": "Console Commands",
   "Author": "SMAPI",
-  "Version": "2.5.3",
+  "Version": "2.5.4",
   "Description": "Adds SMAPI console commands that let you manipulate the game.",
   "UniqueID": "SMAPI.ConsoleCommands",
   "EntryDll": "ConsoleCommands.dll"
diff --git a/src/SMAPI/Constants.cs b/src/SMAPI/Constants.cs
index 1279f8e1a..6270186a7 100644
--- a/src/SMAPI/Constants.cs
+++ b/src/SMAPI/Constants.cs
@@ -41,7 +41,7 @@ public static class Constants
 #if STARDEW_VALLEY_1_3
             new SemanticVersion($"2.6-alpha.{DateTime.UtcNow:yyyyMMddHHmm}");
 #else
-            new SemanticVersion($"2.5.3");
+            new SemanticVersion("2.5.4");
 #endif
 
         /// <summary>The minimum supported version of Stardew Valley.</summary>