diff --git a/CHANGELOG.md b/CHANGELOG.md
index e89f5a0e..070b4423 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,7 +6,7 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 This changelog is automatically generated using [git-cliff](https://git-cliff.org).
 
-## [Unreleased]
+## [5.4.0] - 2026-08-15
 
 ### Features
 
@@ -44,6 +44,10 @@ This changelog is automatically generated using [git-cliff](https://git-cliff.or
 - *metadata*: [**breaking**] Replace animeapi with a first-class anilist provider
 - *dl*: Add absolute episode numbers filled from tvdb absolute order
 - *dl*: Add daily date-based episodes with tvdb air-date fill
+- *api*: Stream download job progress over server-sent events
+- *remote*: Accept serve.users keys in api-only mode and add client auth-header fallback
+- *serve*: Gate server CDM licensing behind a per-key server_cdm opt-in
+- *cli*: Add named color themes and rich-formatted help
 
 ### Bug Fixes
 
@@ -84,11 +88,17 @@ This changelog is automatically generated using [git-cliff](https://git-cliff.or
 - *api*: Carry air_date, absolute, anime and daily across the title wire
 - *dl*: Treat audio muxed into the video as an available language
 - *hls*: Take the key id from EXT-X-KEY when the PSSH carries none
+- *dl*: Reset per-title language and range selection each iteration
+- *subtitle*: Keep cue-less webvtt instead of failing the download
+- *services*: Re-raise ClickException for better error handling in remote services cache
+- *dash*: Resolve representations by adaptation set, not id alone
+- *kv*: Search remote vaults that cannot list their tables
 
 ### Documentation
 
 - Restructure documentation into MkDocs Material site
 - Expand config reference and genericize service names
+- *changelog*: Regenerate with git-cliff
 - Correct DRM, muxing, and proxy references (+ case-insensitive proxy prefix fix)
 - Cleanup and correct documentation
 - *core*: Drop service tags from framework comments
@@ -112,6 +122,7 @@ This changelog is automatically generated using [git-cliff](https://git-cliff.or
 
 - *changelog*: Update entries for new features and bug fixes
 - *env*: Drop ML-Worker from the dependency check
+- *changelog*: Update changelog
 
 ### Builds
 
@@ -882,7 +893,7 @@ This changelog is automatically generated using [git-cliff](https://git-cliff.or
 - Reorganize Planned Features section in README for clarity
 - Improve track selection logic in dl.py
 
-[unreleased]: https://github.com/unshackle-dl/unshackle/compare/5.3.0..HEAD
+[5.4.0]: https://github.com/unshackle-dl/unshackle/compare/5.3.0..5.4.0
 [5.3.0]: https://github.com/unshackle-dl/unshackle/compare/5.2.0..5.3.0
 [5.2.0]: https://github.com/unshackle-dl/unshackle/compare/5.1.0..5.2.0
 [5.1.0]: https://github.com/unshackle-dl/unshackle/compare/5.0.0..5.1.0
diff --git a/pyproject.toml b/pyproject.toml
index 8540266d..ab743620 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "unshackle"
-version = "5.3.0"
+version = "5.4.0"
 description = "Modular Movie, TV, and Music Archival Software."
 authors = [{ name = "unshackle team" }]
 requires-python = ">=3.11,<3.15"
diff --git a/unshackle/core/__init__.py b/unshackle/core/__init__.py
index 1a9ef58f..8c9646e0 100644
--- a/unshackle/core/__init__.py
+++ b/unshackle/core/__init__.py
@@ -7,7 +7,7 @@ from rich_click.patch import patch as _patch_click_help
 
 _patch_click_help()
 
-__version__ = "5.3.0"
+__version__ = "5.4.0"
 
 _PKG = Path(__file__).parent.parent
 # Framework code only. Services are user-swappable, so they are not part of the identity.
diff --git a/uv.lock b/uv.lock
index f26ffb67..187555be 100644
--- a/uv.lock
+++ b/uv.lock
@@ -2134,7 +2134,7 @@ wheels = [
 
 [[package]]
 name = "unshackle"
-version = "5.3.0"
+version = "5.4.0"
 source = { editable = "." }
 dependencies = [
     { name = "aiohttp" },