diff --git a/CHANGELOG b/CHANGELOG
index 11f7ee5..80c1215 100644
--- a/CHANGELOG
+++ b/CHANGELOG
@@ -503,3 +503,8 @@
 * Fix a bug introduced in Synapse 1.45.0rc1 where the user directory would stop updating if it processed an event from a user not in the users table. (#11053)
 * Fix a bug introduced in Synapse 1.44.0 when logging errors during oEmbed processing. (#11061)
 
+[1.34.1]
+* Update Synapse to 1.45.1
+* [Full changelog](https://github.com/matrix-org/synapse/releases/tag/v1.45.1)
+* Revert change to counting of deactivated users towards the monthly active users limit, introduced in 1.45.0rc1. (#11127)
+
diff --git a/CloudronManifest.json b/CloudronManifest.json
index 4b3c516..a0e6b15 100644
--- a/CloudronManifest.json
+++ b/CloudronManifest.json
@@ -5,7 +5,7 @@
   "description": "file://DESCRIPTION.md",
   "changelog": "file://CHANGELOG",
   "tagline": "Secure & decentralized communication",
-  "version": "1.34.0",
+  "version": "1.34.1",
   "healthCheckPath": "/",
   "httpPort": 8008,
   "memoryLimit": 536870912,
diff --git a/DESCRIPTION.md b/DESCRIPTION.md
index efb7623..0d7834f 100644
--- a/DESCRIPTION.md
+++ b/DESCRIPTION.md
@@ -1,4 +1,4 @@
-This app packages Synapse <upstream>1.45.0</upstream>.
+This app packages Synapse <upstream>1.45.1</upstream>.
 
 **This package only provides the Matrix backend. A variety of clients are available
 [here](https://matrix.org/clients/). Riot is a popular web frontend for Matrix and
diff --git a/Dockerfile b/Dockerfile
index 72c7a3b..95bab44 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -9,7 +9,7 @@ RUN virtualenv -p python3 /app/code/env
 ENV VIRTUAL_ENV=/app/code/env
 ENV PATH="$VIRTUAL_ENV/bin:$PATH"
 
-ARG VERSION=v1.45.0
+ARG VERSION=v1.45.1
 
 # Synapse (https://github.com/matrix-org/synapse/blob/master/INSTALL.md)
 # lxml - required for previews