diff --git a/CMakeLists.txt b/CMakeLists.txt
index a79d8466..8b47bf71 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -5,7 +5,7 @@ message(STATUS "Initiating compile using CMake ${CMAKE_VERSION}")
 
 set(VERSION_MAJOR "18")
 set(VERSION_MINOR "4")
-set(VERSION_REVISION "6")
+set(VERSION_REVISION "7")
 set(VERSION "0.${VERSION_MAJOR}.${VERSION_MINOR}.${VERSION_REVISION}")
 
 option(STATIC "Link libraries statically, requires static Qt")
diff --git a/README.md b/README.md
index 5632c4eb..7fa9eac0 100644
--- a/README.md
+++ b/README.md
@@ -105,7 +105,7 @@ Packaging for your favorite distribution would be a welcome contribution!
    ```
    git clone --branch master --recursive https://github.com/monero-project/monero-gui.git
    ```
-   \* `master` - replace with the desired version tag (e.g. `v0.18.4.6`) to build the release binaries.
+   \* `master` - replace with the desired version tag (e.g. `v0.18.4.7`) to build the release binaries.
 3. Prepare build environment
    ```
    cd monero-gui
@@ -128,7 +128,7 @@ Packaging for your favorite distribution would be a welcome contribution!
    ```
    git clone --branch master --recursive https://github.com/monero-project/monero-gui.git
    ```
-   \* `master` - replace with the desired version tag (e.g. `v0.18.4.6`) to build the release binaries.
+   \* `master` - replace with the desired version tag (e.g. `v0.18.4.7`) to build the release binaries.
 3. Prepare build environment
    ```
    cd monero-gui