diff --git a/CHANGELOG.md b/CHANGELOG.md
index 32b8c7072..32e8be562 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,18 @@
 # Cloudfuse Changelog #
 
+## **1.7.0** ##
+
+November 6th 2024
+This version is based on [blobfuse2 2.3.2](https://github.com/Azure/azure-storage-fuse/releases/tag/blobfuse2-2.3.2) (upstream).
+
+### Changes ###
+
+- [#358](https://github.com/Seagate/cloudfuse/pull/358) Use Lyve Cloud bucket size by default for StatFs
+
+### Bug Fixes ###
+
+- [#358](https://github.com/Seagate/cloudfuse/pull/358) Fix StatFs used capacity math bug in file cache
+
 ## **1.6.1** ##
 
 October 31st 2024
diff --git a/build/windows_installer_build.iss b/build/windows_installer_build.iss
index 8f4ceba71..621eefeb8 100644
--- a/build/windows_installer_build.iss
+++ b/build/windows_installer_build.iss
@@ -3,7 +3,7 @@
 ; https://jrsoftware.org/ishelp/index.php
 
 #define MyAppName "Cloudfuse"
-#define MyAppVersion "1.6.1"
+#define MyAppVersion "1.7.0"
 #define MyAppPublisher "SEAGATE TECHNOLOGY LLC"
 #define MyAppURL "https://github.com/Seagate/cloudfuse"
 #define MyAppExeName "cloudfuseGUI.exe"
diff --git a/build/windows_installer_build_no_gui.iss b/build/windows_installer_build_no_gui.iss
index 4787e94d9..c0bba4825 100644
--- a/build/windows_installer_build_no_gui.iss
+++ b/build/windows_installer_build_no_gui.iss
@@ -3,7 +3,7 @@
 ; https://jrsoftware.org/ishelp/index.php
 
 #define MyAppName "Cloudfuse"
-#define MyAppVersion "1.6.1"
+#define MyAppVersion "1.7.0"
 #define MyAppPublisher "SEAGATE TECHNOLOGY LLC"
 #define MyAppURL "https://github.com/Seagate/cloudfuse"
 #define MyAppExeCLIName "cloudfuse.exe"
diff --git a/common/types.go b/common/types.go
index 7a9953613..fb2fcf672 100644
--- a/common/types.go
+++ b/common/types.go
@@ -40,7 +40,7 @@ import (
 
 // Standard config default values
 const (
-	cloudfuseVersion_ = "1.6.1"
+	cloudfuseVersion_ = "1.7.0"
 
 	DefaultMaxLogFileSize = 512
 	DefaultLogFileCount   = 10