diff --git a/CHANGES.md b/CHANGES.md
index c930b48b2..cd26ca3c4 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,19 @@
+Synapse 1.38.0rc2 (2021-07-09)
+==============================
+
+Bugfixes
+--------
+
+- Fix bug where inbound federation in a room could be delayed due to not correctly dropping a lock. Introduced in v1.37.1. ([\#10336](https://github.com/matrix-org/synapse/issues/10336))
+
+
+Improved Documentation
+----------------------
+
+- Update links to documentation in sample config. Contributed by @dklimpel. ([\#10287](https://github.com/matrix-org/synapse/issues/10287))
+- Fix broken links in INSTALL.md. Contributed by @dklimpel. ([\#10331](https://github.com/matrix-org/synapse/issues/10331))
+
+
 Synapse 1.38.0rc1 (2021-07-06)
 ==============================
 
diff --git a/changelog.d/10287.doc b/changelog.d/10287.doc
deleted file mode 100644
index d62afc1e1..000000000
--- a/changelog.d/10287.doc
+++ /dev/null
@@ -1 +0,0 @@
-Update links to documentation in sample config. Contributed by @dklimpel.
diff --git a/changelog.d/10331.doc b/changelog.d/10331.doc
deleted file mode 100644
index 9b9acd900..000000000
--- a/changelog.d/10331.doc
+++ /dev/null
@@ -1 +0,0 @@
-Fix broken links in INSTALL.md. Contributed by @dklimpel.
diff --git a/changelog.d/10336.bugfix b/changelog.d/10336.bugfix
deleted file mode 100644
index 5e75ed333..000000000
--- a/changelog.d/10336.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix bug where inbound federation in a room could be delayed due to not correctly dropping a lock. Introduced in v1.37.1.
diff --git a/synapse/__init__.py b/synapse/__init__.py
index aa9a3269c..119afa9eb 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -47,7 +47,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.38.0rc1"
+__version__ = "1.38.0rc2"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when