diff --git a/CHANGELOG.md b/CHANGELOG.md
index e9e5510..54bb8e1 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,33 @@
 # Changelog
 
+## 0.0.1-alpha.3
+
+### Enhancements
+
+- Include synthesized arguments in displayed counts for `too-many-positional-arguments` ([#18098](https://github.com/astral-sh/ruff/pull/18098))
+
+### Bug fixes
+
+- Fix `redundant-cast` false positives when casting to `Unknown` ([#18111](https://github.com/astral-sh/ruff/pull/18111))
+- Fix normalization of unions containing instances parameterized with unions ([#18112](https://github.com/astral-sh/ruff/pull/18112))
+- Make dataclass instances adhere to DataclassInstance ([#18115](https://github.com/astral-sh/ruff/pull/18115))
+
+### CLI
+
+- Change layout of extra verbose output and respect `--color` for verbose output ([#18089](https://github.com/astral-sh/ruff/pull/18089))
+
+### Documentation
+
+- Use Cargo-style versions in the changelog ([#397](https://github.com/astral-sh/ty/pull/397))
+
+### Contributors
+
+- [@zanieb](https://github.com/zanieb)
+- [@sharkdp](https://github.com/sharkdp)
+- [@AlexWaygood](https://github.com/AlexWaygood)
+- [@InSyncWithFoo](https://github.com/InSyncWithFoo)
+- [@MichaReiser](https://github.com/MichaReiser)
+
 ## 0.0.1-alpha.2
 
 ### Enhancements
diff --git a/dist-workspace.toml b/dist-workspace.toml
index 6b2d188..7e7c503 100644
--- a/dist-workspace.toml
+++ b/dist-workspace.toml
@@ -1,7 +1,7 @@
 [workspace]
 members = ["cargo:./ruff"]
 packages = ["ty"]
-version = "0.0.1-alpha.2"
+version = "0.0.1-alpha.3"
 
 # Config for 'dist'
 [dist]
diff --git a/pyproject.toml b/pyproject.toml
index 4bb9854..b565fa4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "ty"
-version = "0.0.1a2"
+version = "0.0.1a3"
 requires-python = ">=3.8"
 dependencies = []
 description = "An extremely fast Python type checker, written in Rust."
diff --git a/ruff b/ruff
index 6800a9f..279dac1 160000
--- a/ruff
+++ b/ruff
@@ -1 +1 @@
-Subproject commit 6800a9f6f3e57fc0395c14b10f12bf7c9017b46d
+Subproject commit 279dac1c0e3b4625c328ec60272a0b6605d8a3e3
diff --git a/uv.lock b/uv.lock
index f30b70b..d507bcb 100644
--- a/uv.lock
+++ b/uv.lock
@@ -762,7 +762,7 @@ wheels = [
 
 [[package]]
 name = "ty"
-version = "0.0.1a2"
+version = "0.0.1a3"
 source = { editable = "." }
 
 [package.dev-dependencies]