diff --git a/Cargo-minimal.lock b/Cargo-minimal.lock
index 11991ea31..4a3719401 100644
--- a/Cargo-minimal.lock
+++ b/Cargo-minimal.lock
@@ -47,7 +47,7 @@ dependencies = [
 
 [[package]]
 name = "bitcoin"
-version = "0.32.0-rc1"
+version = "0.32.0-rc2"
 dependencies = [
  "base58ck",
  "base64",
diff --git a/Cargo-recent.lock b/Cargo-recent.lock
index 8383f5228..a1df86cb0 100644
--- a/Cargo-recent.lock
+++ b/Cargo-recent.lock
@@ -46,7 +46,7 @@ dependencies = [
 
 [[package]]
 name = "bitcoin"
-version = "0.32.0-rc1"
+version = "0.32.0-rc2"
 dependencies = [
  "base58ck",
  "base64",
diff --git a/bitcoin/CHANGELOG.md b/bitcoin/CHANGELOG.md
index 8fa4b425e..3787c4aa2 100644
--- a/bitcoin/CHANGELOG.md
+++ b/bitcoin/CHANGELOG.md
@@ -10,7 +10,6 @@
   - `sig` becomes `signature`
   - `hash_ty` becomes `sighash_type`
 - Rename `txid` to `compute_txid` [#2366](https://github.com/rust-bitcoin/rust-bitcoin/pull/2366)
-- In hardcoded BIP-32 derivation paths: Remove `m/` prefix requirement [#2451](https://github.com/rust-bitcoin/rust-bitcoin/pull/2451)
 
 ## Crate smashing
 
@@ -28,6 +27,7 @@ smaller crates AKA crate smashing.
 - Fix `InputWeightPrediction::P2WPKH_MAX` constant DER sig length [#2213](https://github.com/rust-bitcoin/rust-bitcoin/pull/2213)
 - Fix CJDNS marker byte check [#2546](https://github.com/rust-bitcoin/rust-bitcoin/pull/2546)
 - Add resource limit check during deserialization of merkle block [#2607](https://github.com/rust-bitcoin/rust-bitcoin/pull/2607)
+- Allow `m/` prefix in BIP-32 in derivation path strings but do not enforce it [#2684](https://github.com/rust-bitcoin/rust-bitcoin/pull/2684)
 
 ## Changes to and involving the `Network` type
 
diff --git a/bitcoin/Cargo.toml b/bitcoin/Cargo.toml
index 4f4a6c8b3..94136b4d2 100644
--- a/bitcoin/Cargo.toml
+++ b/bitcoin/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "bitcoin"
-version = "0.32.0-rc1"
+version = "0.32.0-rc2"
 authors = ["Andrew Poelstra <apoelstra@wpsoftware.net>"]
 license = "CC0-1.0"
 repository = "https://github.com/rust-bitcoin/rust-bitcoin/"