diff --git a/CMakeLists.txt b/CMakeLists.txt
index 7372343..226e70d 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -26,8 +26,8 @@ endif()
 
 # CTraces Version
 set(CTR_VERSION_MAJOR  0)
-set(CTR_VERSION_MINOR  6)
-set(CTR_VERSION_PATCH  6)
+set(CTR_VERSION_MINOR  7)
+set(CTR_VERSION_PATCH  0)
 set(CTR_VERSION_STR "${CTR_VERSION_MAJOR}.${CTR_VERSION_MINOR}.${CTR_VERSION_PATCH}")
 
 # Define __FILENAME__ consistently across Operating Systems
diff --git a/lib/fluent-otel-proto b/lib/fluent-otel-proto
index 99373d4..8379fe4 160000
--- a/lib/fluent-otel-proto
+++ b/lib/fluent-otel-proto
@@ -1 +1 @@
-Subproject commit 99373d42f9b028604ae774a51697596d18398977
+Subproject commit 8379fe405e46167a8334b27c4ff37f4106f20d67