diff --git a/CHANGELOG.md b/CHANGELOG.md
index 37e0953..4330634 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## [Unreleased]
 
+## [0.16.1] - 2024-10-11
+
 - Bump Rust to current stable 1.81.0
 
 ## [0.16.0] - 2024-06-06
@@ -281,7 +283,8 @@ sources and should not be used. 0.7.0, 0.7.1 and 0.7.3 unaffected.
 - Bump emscripten to 1.39.8-fastcomp
 - Bump Rust to 1.41.0
 
-[unreleased]: https://github.com/CosmWasm/rust-optimizer/compare/v0.16.0...HEAD
+[unreleased]: https://github.com/CosmWasm/rust-optimizer/compare/v0.16.1...HEAD
+[0.16.1]: https://github.com/CosmWasm/rust-optimizer/compare/v0.16.0...v0.16.1
 [0.16.0]: https://github.com/CosmWasm/rust-optimizer/compare/v0.15.1...v0.16.0
 [0.15.1]: https://github.com/CosmWasm/rust-optimizer/compare/v0.15.0...v0.15.1
 [0.15.0]: https://github.com/CosmWasm/rust-optimizer/compare/v0.14.0...v0.15.0
diff --git a/Makefile b/Makefile
index 174605d..c499555 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,7 @@
 DN_OPTIMIZER := "babylonlabs/optimizer"
 DN_RUST_OPTIMIZER := "babylonlabs/rust-optimizer"
 DN_WORKSPACE_OPTIMIZER := "babylonlabs/workspace-optimizer"
-DOCKER_TAG := 0.16.0
+DOCKER_TAG := 0.16.1
 
 # Native arch
 BUILDARCH := $(shell uname -m)