diff --git a/CHANGELOG.md b/CHANGELOG.md
index 39eb0618..036f410d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Changelog
 
+## 0.3.3-0.7.0 (upcoming)
+
+* Upcoming changelog
+
 ## 0.3.3-0.6.0 (2023-10-30)
 
 * [EOS-11279] Bump Capsule upstream version to v0.3.3
diff --git a/VERSION b/VERSION
index b336edf6..978ba2bb 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.6.0-SNAPSHOT
+0.7.0-SNAPSHOT