diff --git a/package-lock.json b/package-lock.json
index 6c9c2a923..b4d508b36 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
   "name": "bfx-hf-ui-core",
-  "version": "3.31.7",
+  "version": "3.31.8-rc.1",
   "lockfileVersion": 3,
   "requires": true,
   "packages": {
diff --git a/package.json b/package.json
index b982f4ae6..6cc7f4f7b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "bfx-hf-ui-core",
-  "version": "3.31.7",
+  "version": "3.31.8-rc.1",
   "description": "Web based Bitfinex Honey - for live trading and executing algorithmic orders and strategies",
   "engines": {
     "node": ">=18"