diff --git a/Cargo.lock b/Cargo.lock
index 497173bc47..20d05fdc6d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -386,7 +386,7 @@ dependencies = [
 
 [[package]]
 name = "blockifier"
-version = "0.5.0-rc.0"
+version = "0.5.0-rc.1"
 dependencies = [
  "anyhow",
  "ark-ec",
@@ -2107,7 +2107,7 @@ dependencies = [
 
 [[package]]
 name = "native_blockifier"
-version = "0.5.0-rc.0"
+version = "0.5.0-rc.1"
 dependencies = [
  "blockifier",
  "cached",
diff --git a/Cargo.toml b/Cargo.toml
index 45549563f2..8e41352e05 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -6,7 +6,7 @@ resolver = "2"
 members = ["crates/blockifier", "crates/native_blockifier"]
 
 [workspace.package]
-version = "0.5.0-rc.0"
+version = "0.5.0-rc.1"
 edition = "2021"
 repository = "https://github.com/starkware-libs/blockifier/"
 license = "Apache-2.0"