diff --git a/CHANGELOG.md b/CHANGELOG.md
index b36b9d93b8..e474bfaa51 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Monaco Editor Changelog
 
+## [0.51.0]
+
+- New fields `IEditorOptions.placeholder` and `IEditorOptions.compactMode`
+- New fields `IGotoLocationOptions.multipleTests` and `IGotoLocationOptions.alternativeTestsCommand`
+- New field `IInlineEditOptions.backgroundColoring`
+- New experimental field `IEditorOptions.experimental.useTrueInlineView`
+- New options `CommentThreadRevealOptions` for comments
+
+Contributions to `monaco-editor`:
+
+- [@ScottCarda-MS (Scott Carda)](https://github.com/ScottCarda-MS): Update Q# Keywords [PR #4586](https://github.com/microsoft/monaco-editor/pull/4586)
+
 ## [0.50.0]
 
 - New field `IEditorMinimapOptions.sectionHeaderLetterSpacing`
diff --git a/package-lock.json b/package-lock.json
index edbc746cf7..bb8d78a799 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
 	"name": "monaco-editor",
-	"version": "0.50.0",
+	"version": "0.51.0",
 	"lockfileVersion": 2,
 	"requires": true,
 	"packages": {
 		"": {
 			"name": "monaco-editor",
-			"version": "0.50.0",
+			"version": "0.51.0",
 			"hasInstallScript": true,
 			"license": "MIT",
 			"devDependencies": {
@@ -25,7 +25,7 @@
 				"jsdom": "^19.0.0",
 				"jsonc-parser": "^3.0.0",
 				"mocha": "^9.2.0",
-				"monaco-editor-core": "0.51.0-rc2",
+				"monaco-editor-core": "0.51.0-rc3",
 				"parcel": "^2.7.0",
 				"pin-github-action": "^1.8.0",
 				"playwright": "^1.32.2",
@@ -5394,9 +5394,9 @@
 			"dev": true
 		},
 		"node_modules/monaco-editor-core": {
-			"version": "0.51.0-rc2",
-			"resolved": "https://registry.npmjs.org/monaco-editor-core/-/monaco-editor-core-0.51.0-rc2.tgz",
-			"integrity": "sha512-4mZE6qv75JfKfX7YhQqPJc//k8FONTBzVozlJjIS3mU9em/7jaDPBE3uD+iBTjRNANOk+eih9z/DL5UM8CYxvQ==",
+			"version": "0.51.0-rc3",
+			"resolved": "https://registry.npmjs.org/monaco-editor-core/-/monaco-editor-core-0.51.0-rc3.tgz",
+			"integrity": "sha512-2CrhqO3ZdUXhMjNeq851FfulE04GBSn1/HBy02qnR4N4ONG5S8HuQKCkQxxzEeK3E8FGqDoIXH5nyDXpLmDJHg==",
 			"dev": true
 		},
 		"node_modules/mri": {
@@ -11150,9 +11150,9 @@
 			}
 		},
 		"monaco-editor-core": {
-			"version": "0.51.0-rc2",
-			"resolved": "https://registry.npmjs.org/monaco-editor-core/-/monaco-editor-core-0.51.0-rc2.tgz",
-			"integrity": "sha512-4mZE6qv75JfKfX7YhQqPJc//k8FONTBzVozlJjIS3mU9em/7jaDPBE3uD+iBTjRNANOk+eih9z/DL5UM8CYxvQ==",
+			"version": "0.51.0-rc3",
+			"resolved": "https://registry.npmjs.org/monaco-editor-core/-/monaco-editor-core-0.51.0-rc3.tgz",
+			"integrity": "sha512-2CrhqO3ZdUXhMjNeq851FfulE04GBSn1/HBy02qnR4N4ONG5S8HuQKCkQxxzEeK3E8FGqDoIXH5nyDXpLmDJHg==",
 			"dev": true
 		},
 		"mri": {
diff --git a/package.json b/package.json
index 44e582225f..b13152dbb1 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
 	"name": "monaco-editor",
-	"version": "0.50.0",
-	"vscodeRef": "5437499feb04f7a586f677b155b039bc2b3669eb",
+	"version": "0.51.0",
+	"vscodeRef": "1dffd5cef7f833b16c0588fb5b9cfa95063af7cf",
 	"private": true,
 	"description": "A browser based code editor",
 	"homepage": "https://github.com/microsoft/monaco-editor",
@@ -52,7 +52,7 @@
 		"jsdom": "^19.0.0",
 		"jsonc-parser": "^3.0.0",
 		"mocha": "^9.2.0",
-		"monaco-editor-core": "0.51.0-rc2",
+		"monaco-editor-core": "0.51.0-rc3",
 		"parcel": "^2.7.0",
 		"pin-github-action": "^1.8.0",
 		"playwright": "^1.32.2",