diff --git a/CMakeLists.txt b/CMakeLists.txt
index 7675cccc1a..05fb335074 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -28,9 +28,9 @@ get_directory_property(precious_variables CACHE_VARIABLES)
 #=============================
 set(CLIENT_NAME "Elements Core")
 set(CLIENT_VERSION_MAJOR 29)
-set(CLIENT_VERSION_MINOR 0)
+set(CLIENT_VERSION_MINOR 1)
 set(CLIENT_VERSION_BUILD 0)
-set(CLIENT_VERSION_RC 0)
+set(CLIENT_VERSION_RC 1)
 set(CLIENT_VERSION_IS_RELEASE "true")
 set(COPYRIGHT_YEAR "2025")
 
diff --git a/doc/release-notes.md b/doc/release-notes.md
index 6d3c5efaa6..0519f3b836 100644
--- a/doc/release-notes.md
+++ b/doc/release-notes.md
@@ -1,6 +1,6 @@
-Bitcoin Core version 29.x is now available from:
+Bitcoin Core version 29.1rc1 is now available from:
 
-  <https://bitcoincore.org/bin/bitcoin-core-29.x/>
+  <https://bitcoincore.org/bin/bitcoin-core-29.1/test.rc1/>
 
 This release includes various bug fixes and performance
 improvements, as well as updated translations.