diff --git a/CMakeLists.txt b/CMakeLists.txt
index 087d46c719..197e7c3011 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -4,8 +4,8 @@ project(monero-gui)
 message(STATUS "Initiating compile using CMake ${CMAKE_VERSION}")
 
 set(VERSION_MAJOR "17")
-set(VERSION_MINOR "0")
-set(VERSION_REVISION "1")
+set(VERSION_MINOR "1")
+set(VERSION_REVISION "0")
 set(VERSION "0.${VERSION_MAJOR}.${VERSION_MINOR}.${VERSION_REVISION}")
 
 option(STATIC "Link libraries statically, requires static Qt")
diff --git a/get_libwallet_api.sh b/get_libwallet_api.sh
index 59535fb440..dcc05edba4 100755
--- a/get_libwallet_api.sh
+++ b/get_libwallet_api.sh
@@ -17,7 +17,7 @@ if [ ! -d $MONERO_DIR/src ]; then
 fi
 git submodule update --remote
 git -C $MONERO_DIR fetch
-git -C $MONERO_DIR checkout v0.17.0.1
+git -C $MONERO_DIR checkout v0.17.1.0
 
 # get monero core tag
 pushd $MONERO_DIR
diff --git a/monero b/monero
index 1a9a984d26..4d855fcca7 160000
--- a/monero
+++ b/monero
@@ -1 +1 @@
-Subproject commit 1a9a984d2631b7f01637d8119c55f8effd24f72c
+Subproject commit 4d855fcca7db286484c256d85619c051a55592ad