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+++ b/CHANGES.md
@@ -6,52 +6,141 @@
 
 <!-- Include any especially major or disruptive changes here -->
 
+- Runtime support for Python 3.7 has been removed. Formatting 3.7 code will still be
+  supported until further notice (#3765)
+
 ### Stable style
 
 <!-- Changes that affect Black's stable style -->
 
+- Fix a bug where an illegal trailing comma was added to return type annotations using
+  PEP 604 unions (#3735)
+- Fix a bug where multi-line open parenthesis magic comment like `type: ignore` were not
+  correctly parsed (#3740)
+
 ### Preview style
 
 <!-- Changes that affect Black's preview style -->
 
-- Add trailing commas to collection literals even if there's a comment after the last
-  entry (#3393)
-- `with` statements that contain two context managers will be consistently wrapped in
-  parentheses (#3589)
+- Implicitly concatenated strings used as function args are no longer wrapped inside
+  parentheses (#3640)
+- Remove blank lines between a class definition and its docstring (#3692)
 
 ### Configuration
 
 <!-- Changes to how Black can be configured -->
 
+- The `--workers` argument to Black can now be specified via the `BLACK_NUM_WORKERS`
+  environment variable (#3743)
+- `.pytest_cache`, `.ruff_cache` and `.vscode` are now excluded by default (#3691)
+- Fix black not honouring `pyproject.toml` settings when running `--stdin-filename` and
+  the `pyproject.toml` found isn't in the current working directory (#3719)
+- Black will now error if `exclude` and `extend-exclude` have invalid data types in
+  `pyproject.toml`, instead of silently doing the wrong thing (#3764)
+
 ### Packaging
 
 <!-- Changes to how Black is packaged, such as dependency requirements -->
 
+- Upgrade mypyc from 0.991 to 1.3 (#3697)
+- Remove patching of Click that mitigated errors on Python 3.6 with `LANG=C` (#3768)
+
 ### Parser
 
 <!-- Changes to the parser or to version autodetection -->
 
+- Add support for the new PEP 695 syntax in Python 3.12 (#3703)
+
 ### Performance
 
 <!-- Changes that improve Black's performance. -->
 
+- Avoid importing `IPython` in a case where we wouldn't need it (#3748)
+
 ### Output
 
 <!-- Changes to Black's terminal output and error messages -->
 
+- Use aware UTC datetimes internally, avoids deprecation warning on Python 3.12 (#3728)
+- Change verbose logging to exactly mirror _Black_'s logic for source discovery (#3749)
+
 ### _Blackd_
 
 <!-- Changes to blackd -->
 
+- The `blackd` argument parser now shows the default values for options in their help
+  text (#3712)
+
 ### Integrations
 
 <!-- For example, Docker, GitHub Actions, pre-commit, editors -->
 
+- Black is now tested with
+  [`PYTHONWARNDEFAULTENCODING = 1`](https://docs.python.org/3/library/io.html#io-encoding-warning)
+  (#3763)
+- Update GitHub Action to display black output in the job summary (#3688)
+- Deprecated `set-output` command in CI test to keep up to date with GitHub's
+  deprecation announcement (#3757)
+
 ### Documentation
 
 <!-- Major changes to documentation and policies. Small docs changes
      don't need a changelog entry. -->
 
+- Updated the _classes_ and _exceptions_ documentation in Developer reference to match
+  the latest ccode base. (#3755)
+
+## 23.3.0
+
+### Highlights
+
+This release fixes a longstanding confusing behavior in Black's GitHub action, where the
+version of the action did not determine the version of Black being run (issue #3382). In
+addition, there is a small bug fix around imports and a number of improvements to the
+preview style.
+
+Please try out the
+[preview style](https://black.readthedocs.io/en/stable/the_black_code_style/future_style.html#preview-style)
+with `black --preview` and tell us your feedback. All changes in the preview style are
+expected to become part of Black's stable style in January 2024.
+
+### Stable style
+
+- Import lines with `# fmt: skip` and `# fmt: off` no longer have an extra blank line
+  added when they are right after another import line (#3610)
+
+### Preview style
+
+- Add trailing commas to collection literals even if there's a comment after the last
+  entry (#3393)
+- `async def`, `async for`, and `async with` statements are now formatted consistently
+  compared to their non-async version. (#3609)
+- `with` statements that contain two context managers will be consistently wrapped in
+  parentheses (#3589)
+- Let string splitters respect [East Asian Width](https://www.unicode.org/reports/tr11/)
+  (#3445)
+- Now long string literals can be split after East Asian commas and periods (`、` U+3001
+  IDEOGRAPHIC COMMA, `。` U+3002 IDEOGRAPHIC FULL STOP, & `，` U+FF0C FULLWIDTH COMMA)
+  besides before spaces (#3445)
+- For stubs, enforce one blank line after a nested class with a body other than just
+  `...` (#3564)
+- Improve handling of multiline strings by changing line split behavior (#1879)
+
+### Parser
+
+- Added support for formatting files with invalid type comments (#3594)
+
+### Integrations
+
+- Update GitHub Action to use the version of Black equivalent to action's version if
+  version input is not specified (#3543)
+- Fix missing Python binary path in autoload script for vim (#3508)
+
+### Documentation
+
+- Document that only the most recent release is supported for security issues;
+  vulnerabilities should be reported through Tidelift (#3612)
+
 ## 23.1.0
 
 ### Highlights
@@ -135,7 +224,6 @@ versions separately.
   code. Implicitly concatenated f-strings with different quotes can now be merged or
   quote-normalized by changing the quotes used in expressions. (#3509)
 - Fix crash on `await (yield)` when Black is compiled with mypyc (#3533)
-- Improve handling of multiline strings by changing line split behavior (#1879)
 
 ### Configuration