diff --git a/CHANGELOG.md b/CHANGELOG.md
index d4b7ecab8..07ff77301 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,156 @@
+# [8.5.0](https://github.com/NativeScript/NativeScript/compare/8.4.7-core...8.5.0) (2023-03-28)
+
+
+### Bug Fixes
+
+* **android:** box shadow and border radius white border resolution ([#10125](https://github.com/NativeScript/NativeScript/issues/10125)) ([ea45758](https://github.com/NativeScript/NativeScript/commit/ea457584639367763dd0227bb856976db8b99813))
+* **android:** dialogs activity usage ([#10246](https://github.com/NativeScript/NativeScript/issues/10246)) ([7edd21a](https://github.com/NativeScript/NativeScript/commit/7edd21a688f574fb0b008577bc6287faa6a4d2c6))
+* **android:** knownFolders.externalDocuments improvement ([#10186](https://github.com/NativeScript/NativeScript/issues/10186)) ([a7f1305](https://github.com/NativeScript/NativeScript/commit/a7f13057810ffd2181b3bc4575f98f6ae20be446))
+* **android:** Label now defaults to vertical-align middle ([#10233](https://github.com/NativeScript/NativeScript/issues/10233)) ([a23c8bd](https://github.com/NativeScript/NativeScript/commit/a23c8bda31eeeaa73ee04874ccd73fcf3eb2b2dd))
+* **android:** native-helper utils types are now correct ([#10231](https://github.com/NativeScript/NativeScript/issues/10231)) ([6779cdc](https://github.com/NativeScript/NativeScript/commit/6779cdcb554f4374536a930563a7242d3364726a))
+* **android:** path must be convex ([#10238](https://github.com/NativeScript/NativeScript/issues/10238)) ([89fc249](https://github.com/NativeScript/NativeScript/commit/89fc2498800ea26f3896094847e8e14dca1f6db1)), closes [#10235](https://github.com/NativeScript/NativeScript/issues/10235)
+* **android:** ScrollView BadParcelableException ([#10213](https://github.com/NativeScript/NativeScript/issues/10213)) ([a26a03e](https://github.com/NativeScript/NativeScript/commit/a26a03eeb8883a85a0da44b5de2601547e987bcf))
+* **core:** add equalityComparer to border-radius properties ([#10185](https://github.com/NativeScript/NativeScript/issues/10185)) ([571d515](https://github.com/NativeScript/NativeScript/commit/571d5156ec9eb764afedde3944be3120d4d95208))
+* **core:** added item template handling for external renderers ([#10196](https://github.com/NativeScript/NativeScript/issues/10196)) ([b993a83](https://github.com/NativeScript/NativeScript/commit/b993a83f2371df8cb276474360d95e89d62e5ad5))
+* **core:** autofillTypes correction ([#10210](https://github.com/NativeScript/NativeScript/issues/10210)) ([fd35d6c](https://github.com/NativeScript/NativeScript/commit/fd35d6c19cb853f2b2a0066f294b55950e9dc70f))
+* **core:** classes .ns-light and .ns-dark apply to dialogs ([#10201](https://github.com/NativeScript/NativeScript/issues/10201)) ([48ef249](https://github.com/NativeScript/NativeScript/commit/48ef2496849eb4e9b9d00057b35dc88e6dedfc64))
+* **core:** CSS animation parsing ([#10245](https://github.com/NativeScript/NativeScript/issues/10245)) ([ab436db](https://github.com/NativeScript/NativeScript/commit/ab436dbfe67f4750c77230527154858faaf9da6c))
+* **core:** Frame to Page property propagation ([#10225](https://github.com/NativeScript/NativeScript/issues/10225)) ([4e62b00](https://github.com/NativeScript/NativeScript/commit/4e62b00ddb84823654c864d32e298db286068733))
+* **core:** improved handling for unsupported '!important' css rule ([#10243](https://github.com/NativeScript/NativeScript/issues/10243)) ([e560cb1](https://github.com/NativeScript/NativeScript/commit/e560cb1374c0f3fa54a5b51b04b5073618603bcb))
+* **core:** Observable event types consistency ([#10181](https://github.com/NativeScript/NativeScript/issues/10181)) ([485fb61](https://github.com/NativeScript/NativeScript/commit/485fb61947f6099756f3c1b51586f24ee95f0a43))
+* **core:** RootLayout shade cover asynchronous execution ([#10228](https://github.com/NativeScript/NativeScript/issues/10228)) ([a19568c](https://github.com/NativeScript/NativeScript/commit/a19568c0d08a142277f75cce2a3a30732d9bb032))
+* **core:** unset css values of type Property ([#10199](https://github.com/NativeScript/NativeScript/issues/10199)) ([dcf6a36](https://github.com/NativeScript/NativeScript/commit/dcf6a365cd574bd4dfa245ad6c38c22e551ef65c))
+* global declarations fix ([#10247](https://github.com/NativeScript/NativeScript/issues/10247)) ([2f4c318](https://github.com/NativeScript/NativeScript/commit/2f4c3182767a3b33af413be78314bceb8c7cce93))
+* **ios:** embed systemAppearance handling ([#10219](https://github.com/NativeScript/NativeScript/issues/10219)) ([ee92512](https://github.com/NativeScript/NativeScript/commit/ee925127465c223e1f64779372a0b449b1000155))
+* **ios:** embedding sdk ([#10211](https://github.com/NativeScript/NativeScript/issues/10211)) ([9179ff8](https://github.com/NativeScript/NativeScript/commit/9179ff861dcd72224ed79205406b328119784aa5))
+* **ios:** guard against no nativeView in createBackgroundUIColor ([#10229](https://github.com/NativeScript/NativeScript/issues/10229)) ([9ed3c9b](https://github.com/NativeScript/NativeScript/commit/9ed3c9b256e054b6ad482a16db9d6974e3b1435f))
+* **ios:** sdk embedding ([#10216](https://github.com/NativeScript/NativeScript/issues/10216)) ([0183f7e](https://github.com/NativeScript/NativeScript/commit/0183f7e643ab7ac58d22e98707e13bf5f85f57c0))
+* **ios:** support for a11y font scale ([#10207](https://github.com/NativeScript/NativeScript/issues/10207)) ([95f3772](https://github.com/NativeScript/NativeScript/commit/95f3772e77bdfcc6c78ad7365a6c376bdbe01482))
+* **types-android:** min api types from 17 to 31 ([#10209](https://github.com/NativeScript/NativeScript/issues/10209)) ([e613ecf](https://github.com/NativeScript/NativeScript/commit/e613ecf819035a5e38140384570ea747bb3db0f6))
+* **webpack:** notify CLI even if there are compilation errors ([#10141](https://github.com/NativeScript/NativeScript/issues/10141)) ([6059984](https://github.com/NativeScript/NativeScript/commit/605998455595a2d35b7f0f73b2cde08c0516361c))
+
+
+### Features
+
+* **core:** export foregroundEvent and backgroundEvent ([#10226](https://github.com/NativeScript/NativeScript/issues/10226)) ([6fd6943](https://github.com/NativeScript/NativeScript/commit/6fd69436c8af2faaceb95ecb615179bc5b15ebcb))
+* **core:** Shared Element Transitions ([#10022](https://github.com/NativeScript/NativeScript/issues/10022)) ([59369fb](https://github.com/NativeScript/NativeScript/commit/59369fbc196a175570c5b731855707261b158e5c))
+* **files:** read & write using js buffers ([#10093](https://github.com/NativeScript/NativeScript/issues/10093)) ([0173769](https://github.com/NativeScript/NativeScript/commit/0173769badf704a61c7d8b2fe9902496e6e73785))
+* **ios:** Swift Package Manager support in config ([#10252](https://github.com/NativeScript/NativeScript/issues/10252)) ([09832ad](https://github.com/NativeScript/NativeScript/commit/09832ad7ab12c95f3b32184f1bb8e60183fb2342))
+* **ios:** types for latest 16.2 sdk ([#10253](https://github.com/NativeScript/NativeScript/issues/10253)) ([318fb36](https://github.com/NativeScript/NativeScript/commit/318fb361754b500754c1840c2ee64c13227de6e5))
+* **webpack:** support tsconfig.app.json when present ([#10221](https://github.com/NativeScript/NativeScript/issues/10221)) ([ebb827f](https://github.com/NativeScript/NativeScript/commit/ebb827fb8e4cf2ebc82ca66bea386ddc654711f7))
+
+
+### Performance Improvements
+
+* **android:** reduce java object creation ([#10129](https://github.com/NativeScript/NativeScript/issues/10129)) ([2da0064](https://github.com/NativeScript/NativeScript/commit/2da0064f7c8de44d407c34d252070d793b50aaa8))
+
+
+### Breaking Changes
+
+1. Event binding callbacks prefer a properly typed argument:
+
+Potential issue:
+```ts
+error TS2339: Property 'newValue' does not exist on type 'EventData'.
+
+2611       if (e.newValue) {
+```
+Possible causes:
+```ts
+Application.on(Application.orientationChangedEvent, (event) => {
+```
+Solution:
+```ts
+Application.on(Application.orientationChangedEvent, (event: OrientationChangedEventData) => {
+```
+
+2. Android labels are vertical align middle by default.
+   
+This means that potentially if you were using margins to position, for example on font icon labels, they may appear mis-positioned intially after updating. You should be able to remove custom margin handling to simplify.
+
+3. Page transitions have improved their API to provide more platform control and introduced a breaking change to the method signatures on iOS. If you had created a custom by extending the `Transition` class:
+   
+- BEFORE:
+```
+animateIOSTransition(containerView: UIView, fromView: UIView, toView: UIView, operation: UINavigationControllerOperation, completion: (finished: boolean) => void): void {
+    toView.transform = CGAffineTransformMakeScale(0, 0);
+    fromView.transform = CGAffineTransformIdentity;
+
+    switch (operation) {
+        case UINavigationControllerOperation.Push:
+            containerView.insertSubviewAboveSubview(toView, fromView);
+            break;
+        case UINavigationControllerOperation.Pop:
+            containerView.insertSubviewBelowSubview(toView, fromView);
+            break;
+    }
+
+    var duration = this.getDuration();
+    var curve = this.getCurve();
+    UIView.animateWithDurationAnimationsCompletion(
+        duration,
+        () => {
+            UIView.setAnimationCurve(curve);
+            toView.transform = CGAffineTransformIdentity;
+            fromView.transform = CGAffineTransformMakeScale(0, 0);
+        },
+        completion
+    );
+}
+```
+- AFTER:
+```
+animateIOSTransition(transitionContext: UIViewControllerContextTransitioning, fromViewCtrl: UIViewController, toViewCtrl: UIViewController, operation: UINavigationControllerOperation): void {
+    const toView = toViewCtrl.view;
+    const fromView = fromViewCtrl.view;
+    toView.transform = CGAffineTransformMakeScale(0, 0);
+    fromView.transform = CGAffineTransformIdentity;
+
+    switch (operation) {
+        case UINavigationControllerOperation.Push:
+            transitionContext.containerView.insertSubviewAboveSubview(toView, fromView);
+            break;
+        case UINavigationControllerOperation.Pop:
+            transitionContext.containerView.insertSubviewBelowSubview(toView, fromView);
+            break;
+    }
+
+    var duration = this.getDuration();
+    var curve = this.getCurve();
+    UIView.animateWithDurationAnimationsCompletion(
+        duration,
+        () => {
+            UIView.setAnimationCurve(curve);
+            toView.transform = CGAffineTransformIdentity;
+            fromView.transform = CGAffineTransformMakeScale(0, 0);
+        },
+        (finished) => {
+            transitionContext.completeTransition(finished);
+        }
+    );
+}
+```
+
+#### Notes
+
+- Android WeakRef usage is now standardized and aligned with iOS and latest JavaScript standards to universally use `deref` instead of the deprecated `get` API. In 8.4, iOS allowed usage of `deref` but Android still required `get`. With 8.5 you can now use `deref` the same everywhere.
+- If you were using an iterator over an iOS NSArray, always make sure it's using proper platform API, for example:
+  
+Incorrect:
+```ts
+// collection: NSArray
+for (var i = 0; i < collection.count; i++) {
+    const obj = collection[i];
+```
+Correct:
+```ts
+// collection: NSArray
+for (var i = 0; i < collection.count; i++) {
+    const obj = collection.objectAtIndex(i);
+```
+
+
+
 ## [8.4.7](https://github.com/NativeScript/NativeScript/compare/5.0.13-webpack...8.4.7) (2023-01-23)
 
 
diff --git a/package.json b/package.json
index 97aea59d9..2c26db0b5 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "nativescript",
-  "version": "8.4.7",
+  "version": "8.5.0",
   "license": "MIT",
   "scripts": {
     "clean": "git clean -f -X -d --exclude=!.idea/ --exclude=!.vscode/* --exclude=!.npmrc",
diff --git a/packages/core/package.json b/packages/core/package.json
index aae56e991..d08dbedb5 100644
--- a/packages/core/package.json
+++ b/packages/core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@nativescript/core",
-  "version": "8.5.0-rc.0",
+  "version": "8.5.0",
   "description": "A JavaScript library providing an easy to use api for interacting with iOS and Android platform APIs.",
   "main": "index",
   "types": "index.d.ts",