diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..016add8
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,22 @@
+# Changelog
+
+All notable changes to this project are documented in this file.
+
+The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/).
+
+## [0.0.4] — 2026-08-25
+
+### Added
+
+- `fetch-sync-cache` command to prefetch the public sync snapshot (Railgun Subsquid and Tornado saga HTTP pages) so later `balances` / `shield` / `unshield` syncs can start from disk instead of the network.
+- `--tail-calls` on ERC-20 (non-ETH) unshields for Tornado and Railgun.
+- `--tail-calls` when unshielding to a stored stealth address (`sN`).
+
+### Changed
+
+- Protocol syncs are substantially faster, using the public-sync cache and tighter log-range work.
+- Sync progress is much easier to follow: live spinner updates and clearer logs during first-time and catch-up syncs.
+
+### Fixed
+
+- Unshielding to a custom / ephemeral recipient (`--to` an address that is not a stored HD account) no longer fails or mis-routes funds.
diff --git a/package.json b/package.json
index 663b1ee..317a113 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "kohaku-cli",
-    "version": "0.0.3",
+    "version": "0.0.4",
     "type": "module",
     "engines": {
         "node": ">=22"