diff --git a/mautrix_telegram/__init__.py b/mautrix_telegram/__init__.py
index ceba3d65..10644fb3 100644
--- a/mautrix_telegram/__init__.py
+++ b/mautrix_telegram/__init__.py
@@ -1,2 +1,2 @@
-__version__ = "0.7.0+dev"
+__version__ = "0.7.0rc1"
 __author__ = "Tulir Asokan <tulir@maunium.net>"
diff --git a/setup.py b/setup.py
index 616818a0..45f8dce4 100644
--- a/setup.py
+++ b/setup.py
@@ -32,7 +32,7 @@ setuptools.setup(
 
     install_requires=[
         "aiohttp>=3.0.1,<4",
-        "mautrix>=0.4.0.dev80,<0.5",
+        "mautrix>=0.4.0rc1,<0.5",
         "SQLAlchemy>=1.2.3,<2",
         "alembic>=1.0.0,<2",
         "commonmark>=0.8.1,<0.10",
@@ -56,6 +56,7 @@ setuptools.setup(
         "Programming Language :: Python :: 3",
         "Programming Language :: Python :: 3.6",
         "Programming Language :: Python :: 3.7",
+        "Programming Language :: Python :: 3.8",
     ],
     entry_points="""
         [console_scripts]