diff --git a/CHANGELOG.md b/CHANGELOG.md
index 202139e16b..fcae186697 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 #### Upcoming Changes
 
+#### [1.0.0-rc3] - 2024-05-14
+
 * bugfix: Fix handling of return values wrapped in `PanicResult` in cairo1-run crate [#1763](https://github.com/lambdaclass/cairo-vm/pull/1763)
 
 * refactor(BREAKING): Move the VM back to the CairoRunner [#1743](https://github.com/lambdaclass/cairo-vm/pull/1743)
diff --git a/Cargo.lock b/Cargo.lock
index 37d463148d..6976dd01ec 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -902,7 +902,7 @@ dependencies = [
 
 [[package]]
 name = "cairo-vm"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "anyhow",
  "arbitrary",
@@ -944,7 +944,7 @@ dependencies = [
 
 [[package]]
 name = "cairo-vm-cli"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "assert_matches",
  "bincode",
@@ -959,7 +959,7 @@ dependencies = [
 
 [[package]]
 name = "cairo-vm-tracer"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "axum",
  "cairo-vm",
@@ -978,7 +978,7 @@ dependencies = [
 
 [[package]]
 name = "cairo1-run"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "assert_matches",
  "bincode",
@@ -1636,7 +1636,7 @@ checksum = "7f24254aa9a54b5c858eaee2f5bccdb46aaf0e486a595ed5fd8f86ba55232a70"
 
 [[package]]
 name = "hint_accountant"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "cairo-vm",
  "serde",
@@ -1717,7 +1717,7 @@ dependencies = [
 
 [[package]]
 name = "hyper_threading"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "cairo-vm",
  "rayon",
@@ -3662,7 +3662,7 @@ dependencies = [
 
 [[package]]
 name = "wasm-demo"
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 dependencies = [
  "cairo-vm",
  "console_error_panic_hook",
diff --git a/Cargo.toml b/Cargo.toml
index 6eb12ca254..4ec8df1182 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -20,7 +20,7 @@ exclude = ["ensure-no_std"]
 resolver = "2"
 
 [workspace.package]
-version = "1.0.0-rc2"
+version = "1.0.0-rc3"
 edition = "2021"
 license = "Apache-2.0"
 repository = "https://github.com/lambdaclass/cairo-vm/"
@@ -28,8 +28,8 @@ readme = "README.md"
 keywords = ["starknet", "cairo", "vm", "wasm", "no_std"]
 
 [workspace.dependencies]
-cairo-vm = { path = "./vm", version = "1.0.0-rc2", default-features = false }
-cairo-vm-tracer = { path = "./cairo-vm-tracer", version = "1.0.0-rc2", default-features = false }
+cairo-vm = { path = "./vm", version = "1.0.0-rc3", default-features = false }
+cairo-vm-tracer = { path = "./cairo-vm-tracer", version = "1.0.0-rc3", default-features = false }
 mimalloc = { version = "0.1.37", default-features = false }
 num-bigint = { version = "0.4", default-features = false, features = [
     "serde",
diff --git a/RELEASE.md b/RELEASE.md
index 9490e687c6..bf2e588407 100644
--- a/RELEASE.md
+++ b/RELEASE.md
@@ -14,7 +14,7 @@
   - The versions must be the same.
   - You need to update the workspace dependency `cairo-vm`, which
     you can find in the root cargo manifest under the section `[workspace.dependencies]`.
-  - [Here](https://github.com/lambdaclass/cairo-rs/pull/1301/files) is an
+  - [Here](https://github.com/lambdaclass/cairo-vm/pull/1748/files) is an
     example pull request with these changes.
 - [ ] Run `cargo update` and `git add Cargo.lock`
 - [ ] Update `CHANGELOG.md`: