diff --git a/NEWS.md b/NEWS.md
index 9bc052ef..f353103c 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,5 +1,27 @@
 # NEWS
 
+4.8.5 - 2026-10-04
+------------------
+
+### Fixed
+
+- A GOAWAY fails only the requests the server refused. HTTP/2 failed every
+  in-flight request with `{error, {goaway, _}}`, including ones the server
+  went on to complete, and HTTP/3 ignored the GOAWAY and kept sending new
+  requests on the connection. Accepted streams now finish, streamed uploads
+  and responses included, refused ones fail and are reset, and the
+  connection leaves the pool and closes once drained (#961, #962, #964,
+  #965, #968).
+- A failed HTTP/2 request body send fails the other streams on the
+  connection instead of leaving them waiting (#964).
+- Closing an HTTP/3 connection no longer makes the other live HTTP/3
+  connections unreachable. The connection table was owned by the first
+  connection and went away with it (#967).
+
+### Changed
+
+- Update `h2` to 0.12.4, `quic` to 2.1.1 and `webtransport` to 0.4.8.
+
 4.8.4 - 2026-09-27
 ------------------
 
diff --git a/src/hackney.app.src b/src/hackney.app.src
index 5e7535b7..9ce7b9df 100644
--- a/src/hackney.app.src
+++ b/src/hackney.app.src
@@ -4,7 +4,7 @@
 {application, hackney,
   [
     {description, "Simple HTTP client with HTTP/1.1, HTTP/2, and HTTP/3 support"},
-    {vsn, "4.8.4"},
+    {vsn, "4.8.5"},
     {registered, [hackney_pool]},
     {applications, [kernel,
       stdlib,