diff --git a/CHANGES.md b/CHANGES.md
index d8b1bb87a..261ce6a86 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -55,38 +55,41 @@ Internal Changes
 - Change GHA CI job to follow best practices. ([\#14772](https://github.com/matrix-org/synapse/issues/14772))
 - Switch to our fork of `dh-virtualenv` to work around an upstream Python 3.11 incompatibility. ([\#14774](https://github.com/matrix-org/synapse/issues/14774))
 - Skip testing built wheels for PyPy 3.7 on Linux x86_64 as we lack new required dependencies in the build environment. ([\#14802](https://github.com/matrix-org/synapse/issues/14802))
-- <details><summary>Dependabot updates</summary>
 
-    - Bump JasonEtco/create-an-issue from 2.8.1 to 2.8.2. ([\#14693](https://github.com/matrix-org/synapse/issues/14693))
-    - Bump anyhow from 1.0.66 to 1.0.68. ([\#14694](https://github.com/matrix-org/synapse/issues/14694))
-    - Bump blake2 from 0.10.5 to 0.10.6. ([\#14695](https://github.com/matrix-org/synapse/issues/14695))
-    - Bump serde_json from 1.0.89 to 1.0.91. ([\#14696](https://github.com/matrix-org/synapse/issues/14696))
-    - Bump serde from 1.0.150 to 1.0.151. ([\#14697](https://github.com/matrix-org/synapse/issues/14697))
-    - Bump lxml from 4.9.1 to 4.9.2. ([\#14698](https://github.com/matrix-org/synapse/issues/14698))
-    - Bump types-jsonschema from 4.17.0.1 to 4.17.0.2. ([\#14700](https://github.com/matrix-org/synapse/issues/14700))
-    - Bump sentry-sdk from 1.11.1 to 1.12.0. ([\#14701](https://github.com/matrix-org/synapse/issues/14701))
-    - Bump types-setuptools from 65.6.0.1 to 65.6.0.2. ([\#14702](https://github.com/matrix-org/synapse/issues/14702))
-    - Bump minimum PyYAML to 3.13. ([\#14720](https://github.com/matrix-org/synapse/issues/14720))
-    - Bump JasonEtco/create-an-issue from 2.8.2 to 2.9.1. ([\#14731](https://github.com/matrix-org/synapse/issues/14731))
-    - Bump towncrier from 22.8.0 to 22.12.0. ([\#14732](https://github.com/matrix-org/synapse/issues/14732))
-    - Bump isort from 5.10.1 to 5.11.4. ([\#14733](https://github.com/matrix-org/synapse/issues/14733))
-    - Bump attrs from 22.1.0 to 22.2.0. ([\#14734](https://github.com/matrix-org/synapse/issues/14734))
-    - Bump black from 22.10.0 to 22.12.0. ([\#14735](https://github.com/matrix-org/synapse/issues/14735))
-    - Bump sentry-sdk from 1.12.0 to 1.12.1. ([\#14736](https://github.com/matrix-org/synapse/issues/14736))
-    - Bump setuptools from 65.3.0 to 65.5.1. ([\#14738](https://github.com/matrix-org/synapse/issues/14738))
-    - Bump serde from 1.0.151 to 1.0.152. ([\#14758](https://github.com/matrix-org/synapse/issues/14758))
-    - Bump ruff from 0.0.189 to 0.0.206. ([\#14759](https://github.com/matrix-org/synapse/issues/14759))
-    - Bump pydantic from 1.10.2 to 1.10.4. ([\#14760](https://github.com/matrix-org/synapse/issues/14760))
-    - Bump gitpython from 3.1.29 to 3.1.30. ([\#14761](https://github.com/matrix-org/synapse/issues/14761))
-    - Bump pillow from 9.3.0 to 9.4.0. ([\#14762](https://github.com/matrix-org/synapse/issues/14762))
-    - Bump types-requests from 2.28.11.5 to 2.28.11.7. ([\#14763](https://github.com/matrix-org/synapse/issues/14763))
-    - Bump dawidd6/action-download-artifact from 2.24.2 to 2.24.3. ([\#14779](https://github.com/matrix-org/synapse/issues/14779))
-    - Bump peaceiris/actions-gh-pages from 3.9.0 to 3.9.1. ([\#14791](https://github.com/matrix-org/synapse/issues/14791))
-    - Bump types-pillow from 9.3.0.4 to 9.4.0.0. ([\#14792](https://github.com/matrix-org/synapse/issues/14792))
-    - Bump pyopenssl from 22.1.0 to 23.0.0. ([\#14793](https://github.com/matrix-org/synapse/issues/14793))
-    - Bump types-setuptools from 65.6.0.2 to 65.6.0.3. ([\#14794](https://github.com/matrix-org/synapse/issues/14794))
-    - Bump importlib-metadata from 4.2.0 to 6.0.0. ([\#14795](https://github.com/matrix-org/synapse/issues/14795))
-    - Bump ruff from 0.0.206 to 0.0.215. ([\#14796](https://github.com/matrix-org/synapse/issues/14796))
+### Dependabot updates
+
+<details>
+
+- Bump JasonEtco/create-an-issue from 2.8.1 to 2.8.2. ([\#14693](https://github.com/matrix-org/synapse/issues/14693))
+- Bump anyhow from 1.0.66 to 1.0.68. ([\#14694](https://github.com/matrix-org/synapse/issues/14694))
+- Bump blake2 from 0.10.5 to 0.10.6. ([\#14695](https://github.com/matrix-org/synapse/issues/14695))
+- Bump serde_json from 1.0.89 to 1.0.91. ([\#14696](https://github.com/matrix-org/synapse/issues/14696))
+- Bump serde from 1.0.150 to 1.0.151. ([\#14697](https://github.com/matrix-org/synapse/issues/14697))
+- Bump lxml from 4.9.1 to 4.9.2. ([\#14698](https://github.com/matrix-org/synapse/issues/14698))
+- Bump types-jsonschema from 4.17.0.1 to 4.17.0.2. ([\#14700](https://github.com/matrix-org/synapse/issues/14700))
+- Bump sentry-sdk from 1.11.1 to 1.12.0. ([\#14701](https://github.com/matrix-org/synapse/issues/14701))
+- Bump types-setuptools from 65.6.0.1 to 65.6.0.2. ([\#14702](https://github.com/matrix-org/synapse/issues/14702))
+- Bump minimum PyYAML to 3.13. ([\#14720](https://github.com/matrix-org/synapse/issues/14720))
+- Bump JasonEtco/create-an-issue from 2.8.2 to 2.9.1. ([\#14731](https://github.com/matrix-org/synapse/issues/14731))
+- Bump towncrier from 22.8.0 to 22.12.0. ([\#14732](https://github.com/matrix-org/synapse/issues/14732))
+- Bump isort from 5.10.1 to 5.11.4. ([\#14733](https://github.com/matrix-org/synapse/issues/14733))
+- Bump attrs from 22.1.0 to 22.2.0. ([\#14734](https://github.com/matrix-org/synapse/issues/14734))
+- Bump black from 22.10.0 to 22.12.0. ([\#14735](https://github.com/matrix-org/synapse/issues/14735))
+- Bump sentry-sdk from 1.12.0 to 1.12.1. ([\#14736](https://github.com/matrix-org/synapse/issues/14736))
+- Bump setuptools from 65.3.0 to 65.5.1. ([\#14738](https://github.com/matrix-org/synapse/issues/14738))
+- Bump serde from 1.0.151 to 1.0.152. ([\#14758](https://github.com/matrix-org/synapse/issues/14758))
+- Bump ruff from 0.0.189 to 0.0.206. ([\#14759](https://github.com/matrix-org/synapse/issues/14759))
+- Bump pydantic from 1.10.2 to 1.10.4. ([\#14760](https://github.com/matrix-org/synapse/issues/14760))
+- Bump gitpython from 3.1.29 to 3.1.30. ([\#14761](https://github.com/matrix-org/synapse/issues/14761))
+- Bump pillow from 9.3.0 to 9.4.0. ([\#14762](https://github.com/matrix-org/synapse/issues/14762))
+- Bump types-requests from 2.28.11.5 to 2.28.11.7. ([\#14763](https://github.com/matrix-org/synapse/issues/14763))
+- Bump dawidd6/action-download-artifact from 2.24.2 to 2.24.3. ([\#14779](https://github.com/matrix-org/synapse/issues/14779))
+- Bump peaceiris/actions-gh-pages from 3.9.0 to 3.9.1. ([\#14791](https://github.com/matrix-org/synapse/issues/14791))
+- Bump types-pillow from 9.3.0.4 to 9.4.0.0. ([\#14792](https://github.com/matrix-org/synapse/issues/14792))
+- Bump pyopenssl from 22.1.0 to 23.0.0. ([\#14793](https://github.com/matrix-org/synapse/issues/14793))
+- Bump types-setuptools from 65.6.0.2 to 65.6.0.3. ([\#14794](https://github.com/matrix-org/synapse/issues/14794))
+- Bump importlib-metadata from 4.2.0 to 6.0.0. ([\#14795](https://github.com/matrix-org/synapse/issues/14795))
+- Bump ruff from 0.0.206 to 0.0.215. ([\#14796](https://github.com/matrix-org/synapse/issues/14796))
 </details>
 
 Synapse 1.74.0 (2022-12-20)