diff --git a/docs/RELEASE-NOTES b/docs/RELEASE-NOTES
index 7d67cbe..f62be6a 100644
--- a/docs/RELEASE-NOTES
+++ b/docs/RELEASE-NOTES
@@ -1,3 +1,17 @@
+version 0.7.5
+-------------
+
+- refactoring of server manager and event handling.  One side effect
+  is to fix a bug in 0.7.4 where after a reorg ElectrumX might create
+  a second mempool and/or kick off more servers.  Your testing would
+  be appreciated.  This is part of the refactoring necessary to
+  process incoming blocks asynchronously so client connections are not
+  left waiting for several seconds
+- close connections on first bad JSON encoding.  Do not process buffered
+  requests of a closing connection
+- make IRC params a function of the coin (TheLazier) and supply them for
+  Dash
+
 version 0.7.4
 -------------
 
diff --git a/server/version.py b/server/version.py
index aa6eb22..c7103aa 100644
--- a/server/version.py
+++ b/server/version.py
@@ -1 +1 @@
-VERSION = "ElectrumX 0.7.4"
+VERSION = "ElectrumX 0.7.5"