diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 7f8534ceb..fa5bfa565 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,8 @@
+# Release 2.4.2
+ * Command line can read arguments from stdin (pipe)
+ * Speedup fee computation for large transactions
+ * Various bugfixes
+
 # Release 2.4.1
  * Use ssl.PROTOCOL_TLSv1
  * Fix DNSSEC issues with ECDSA signatures
diff --git a/lib/version.py b/lib/version.py
index b1943c26d..b06549adc 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = "2.4.1"  # version of the client package
+ELECTRUM_VERSION = "2.4.2"  # version of the client package
 PROTOCOL_VERSION = '0.10'   # protocol version requested
 NEW_SEED_VERSION = 11       # electrum versions >= 2.0
 OLD_SEED_VERSION = 4        # electrum versions < 2.0