diff --git a/NEWS b/NEWS
index 591891b..720f036 100644
--- a/NEWS
+++ b/NEWS
@@ -1,5 +1,56 @@
 rust2rpm
 
+Version 24.0.0
+==============
+
+This release contains large internal changes to support more use cases and
+Rust projects that use new syntax for feature dependencies in their Cargo.toml
+metadata. The functionality for translating between cargo and RPM metadata
+and the RPM macros and dependency generators were moved to separate projects.
+
+Additionally, the versioning scheme of rust2rpm has changed to allow for minor
+or bugfix-only releases that do not change spec file rendering and which don't
+require bumping the version number in the "# Generated by rust2rpm XX" header.
+
+Added:
+
+- Support for building non-crate projects that use cargo workspaces was added.
+- The default Rust compiler flags now support conditionally building Rust code
+  with frame pointers (only enabled on Fedora 38+ on x86_64 and aarch64).
+- New syntax for cargo feature dependencies (`dep:foo`) is now supported when
+  creating "remove foreign dependencies" patches.
+- Rust crates that exclusively build shared libraries (`cdylib` targets) are now
+  (partially) supported by rust2rpm and no longer cause crashes.
+
+Changed:
+
+- Large parts of the project were refactored, modernized, reorganized into
+  smaller files, and updated with type annotations.
+- The deprecated `requests.compat` module is no longer used, as all methods
+  used by rust2rpm have been part of the Python standard library for years.
+
+Fixed:
+
+- Logic for determining the list of feature subpackages was fixed. The
+  assumptions in the previous implementation were broken for crates that use
+  Rust 1.60+ syntax for feature dependencies.
+- Logic for sorting binaries in %files lists was fixed to not cause crashes if
+  there are two or more binaries.
+- Logic in the cfg-expression evaluation was fixed and no longer produces
+  architecture-specific patches.
+- Logic for checking for the existence of a dist-git repo for the current
+  package was fixed to account for URL formatting issues.
+- Files that are read when trying to detect the "host linux distribution" are
+  now closed correctly.
+- Test fixtures were added for the year 2023.
+
+Removed:
+
+- The cargo-inspector executable was removed. It is no longer used by Rust RPM
+  macros.
+- Files for RPM macros and dependency generators were moved into a separate
+  project (rust-packaging).
+
 Version 23
 ==========
 
diff --git a/rust2rpm/__init__.py b/rust2rpm/__init__.py
index 8a0bf13..daab4bb 100644
--- a/rust2rpm/__init__.py
+++ b/rust2rpm/__init__.py
@@ -10,7 +10,7 @@ from rust2rpm import licensing
 #   release of the last minor version.
 #
 # Only the major version is included in the header of generated spec files.
-__version__ = "24.0.0-pre"
+__version__ = "24.0.0"
 
 TARGET_ARCHES = [
     "x86_64",