diff --git a/CHANGELOG.md b/CHANGELOG.md
index ec98f78384..9531149ef5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,33 @@ Increment the:
 
 ## [Unreleased]
 
+## [1.8.0] 2022-11-27
+
+* [DOC] Update Metrics status in README.md [#1722](https://github.com/open-telemetry/opentelemetry-cpp/pull/1722)
+* [DOC] Remove misleading comments about ABI compatibility for nostd::span [#1731](https://github.com/open-telemetry/opentelemetry-cpp/pull/1731)
+* [BUILD] Bump abseil-cpp for cmake CI [#1807](https://github.com/open-telemetry/opentelemetry-cpp/pull/1807)
+* [Exporter] Add status code to OTLP grpc trace log [#1792](https://github.com/open-telemetry/opentelemetry-cpp/pull/1792)
+* [Exporter] add fix for prometheus exporter build [#1795](https://github.com/open-telemetry/opentelemetry-cpp/pull/1795)
+* [BUILD] Add option WITH_BENCHMARK to disable building benchmarks [#1794](https://github.com/open-telemetry/opentelemetry-cpp/pull/1794)
+* [BUILD] Fix CI benchmark [#1799](https://github.com/open-telemetry/opentelemetry-cpp/pull/1799)
+* [BUILD] bump to gRPC v1.48.1 for bazel CIs [#1786](https://github.com/open-telemetry/opentelemetry-cpp/pull/1786)
+* [BUILD] Fix CI build [#1798](https://github.com/open-telemetry/opentelemetry-cpp/pull/1798)
+* [BUILD] Fix clang-format in CI [#1796](https://github.com/open-telemetry/opentelemetry-cpp/pull/1796)
+* Fix session lock of OtlpHttpClient [#1760](https://github.com/open-telemetry/opentelemetry-cpp/pull/1760)
+* [Metrics SDK] Add MeterContext::ForEachMeter() method to process callbacks on
+ Meter in thread-safe manner [#1783](https://github.com/open-telemetry/opentelemetry-cpp/pull/1783)
+* [DOC] Document that clang-format version 10.0 is used. [#1782](https://github.com/open-telemetry/opentelemetry-cpp/pull/1782)
+* [BUILD] Upgrade bazel build to use abseil-cpp-20220623.1 [#1779](https://github.com/open-telemetry/opentelemetry-cpp/pull/1779)
+* Fix GlobalLogHandler singleton creation order [#1767](https://github.com/open-telemetry/opentelemetry-cpp/pull/1767)
+* [Metrics SDK] Change Prometheus CMake target name [#1765](https://github.com/open-telemetry/opentelemetry-cpp/pull/1765)
+* [DOC] Cleanup INSTALL.md [#1757](https://github.com/open-telemetry/opentelemetry-cpp/pull/1757)
+* [DOC] Format config options in OTLP exporter readme [#1748](https://github.com/open-telemetry/opentelemetry-cpp/pull/1748)
+* [DOC] Cleanup ENABLE_METRICS_PREVIEW [#1745](https://github.com/open-telemetry/opentelemetry-cpp/pull/1745)
+* [Build] Multiple CURL packages leads to invalid build (#1738) [#1739](https://github.com/open-telemetry/opentelemetry-cpp/pull/1739)
+* [Metrics SDK] Cleanup ENABLE_METRICS_PREVIEW [#1735](https://github.com/open-telemetry/opentelemetry-cpp/pull/1735)
+* [Logs SDK] LogProcessor, LogExporter class name [#1736](https://github.com/open-telemetry/opentelemetry-cpp/pull/1736)
+* [Metrics SDK] Cleanup of old _metric api/sdk [#1734](https://github.com/open-telemetry/opentelemetry-cpp/pull/1734)
+* [ETW Exporter] Fix span timestamp(s) precision to nanoseconds [#1726](https://github.com/open-telemetry/opentelemetry-cpp/pull/1726)
 * [LOGS SDK] Rename LogProcessor and LogExporter to LogRecordProcessor and LogRecordExporter
   [#1727](https://github.com/open-telemetry/opentelemetry-cpp/pull/1727)
 * [METRICS SDK] - Remove old metrics from Github CI
diff --git a/api/include/opentelemetry/version.h b/api/include/opentelemetry/version.h
index 06b7136703..b2fb5c6e07 100644
--- a/api/include/opentelemetry/version.h
+++ b/api/include/opentelemetry/version.h
@@ -6,7 +6,7 @@
 #include "opentelemetry/detail/preprocessor.h"
 
 #define OPENTELEMETRY_ABI_VERSION_NO 1
-#define OPENTELEMETRY_VERSION "1.7.0"
+#define OPENTELEMETRY_VERSION "1.8.0"
 #define OPENTELEMETRY_ABI_VERSION OPENTELEMETRY_STRINGIFY(OPENTELEMETRY_ABI_VERSION_NO)
 
 // clang-format off
diff --git a/docs/public/conf.py b/docs/public/conf.py
index 22e8709c6f..1e5bbb94f6 100644
--- a/docs/public/conf.py
+++ b/docs/public/conf.py
@@ -21,7 +21,7 @@
 author = 'OpenTelemetry authors'
 
 # The full version, including alpha/beta/rc tags
-release = "1.7.0"
+release = "1.8.0"
 
 # Run sphinx on subprojects and copy output
 # -----------------------------------------
diff --git a/sdk/include/opentelemetry/sdk/version/version.h b/sdk/include/opentelemetry/sdk/version/version.h
index bf89643dbf..747c8c734e 100644
--- a/sdk/include/opentelemetry/sdk/version/version.h
+++ b/sdk/include/opentelemetry/sdk/version/version.h
@@ -5,7 +5,7 @@
 
 #include "opentelemetry/detail/preprocessor.h"
 
-#define OPENTELEMETRY_SDK_VERSION "1.7.0"
+#define OPENTELEMETRY_SDK_VERSION "1.8.0"
 
 #include "opentelemetry/version.h"
 
diff --git a/sdk/src/version/version.cc b/sdk/src/version/version.cc
index b0c6531c8e..14c379b3d6 100644
--- a/sdk/src/version/version.cc
+++ b/sdk/src/version/version.cc
@@ -9,17 +9,17 @@ namespace sdk
 namespace version
 {
 const int MAJOR_VERSION     = 1;
-const int MINOR_VERSION     = 7;
+const int MINOR_VERSION     = 8;
 const int PATCH_VERSION     = 0;
 const char *PRE_RELEASE     = "NONE";
 const char *BUILD_METADATA  = "NONE";
-const int COUNT_NEW_COMMITS = 35;
-const char *BRANCH          = "pre_release_1.7.0";
-const char *COMMIT_HASH     = "dd7e257b6de71eeaf9e3149530962301705b9a0d";
-const char *SHORT_VERSION   = "1.7.0";
+const int COUNT_NEW_COMMITS = 31;
+const char *BRANCH          = "pre_release_1.8.0";
+const char *COMMIT_HASH     = "06b4795ba2cf898efda4ee34d7b40fb6a2968b95";
+const char *SHORT_VERSION   = "1.8.0";
 const char *FULL_VERSION =
-    "1.7.0-NONE-NONE-35-pre_release_1.7.0-dd7e257b6de71eeaf9e3149530962301705b9a0d";
-const char *BUILD_DATE = "Fri 28 Oct 2022 06:22:43 PM UTC";
+    "1.8.0-NONE-NONE-31-pre_release_1.8.0-06b4795ba2cf898efda4ee34d7b40fb6a2968b95";
+const char *BUILD_DATE = "Sun 27 Nov 2022 02:32:48 PM UTC";
 }  // namespace version
 }  // namespace sdk
 OPENTELEMETRY_END_NAMESPACE