diff --git a/RELEASE-NOTES b/RELEASE-NOTES
index 0a7619ae..2bea0e4d 100644
--- a/RELEASE-NOTES
+++ b/RELEASE-NOTES
@@ -1,3 +1,7 @@
+# Release 2.7.8
+  * Fix a bug with fee bumping
+  * Fix crash when parsing request (issue #1969)
+
 # Release 2.7.7
   * Fix utf8 encoding bug with old wallet seeds (issue #1967)
   * Fix delete request from menu (isue #1968)
diff --git a/lib/version.py b/lib/version.py
index c39a1f67..3b4c7497 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = '2.7.7'  # version of the client package
+ELECTRUM_VERSION = '2.7.8'  # version of the client package
 PROTOCOL_VERSION = '0.10'   # protocol version requested
 
 OLD_SEED_VERSION = 4        # electrum versions < 2.0