diff --git a/CHANGELOG.md b/CHANGELOG.md
index 674e648e..02d29c4f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,14 @@
 # CHANGELOG
 
-## master
+## 0.39.1 Jul 11, 2012
+
+**Important** Not published to the stores, aligns with latest released packages.
 
 Changes:
 
 - Allow building as a completely stand-alone browser bundle (experimental)
+- Bump `@polkadot/api` to `5.0.1`
+- Bump `@polkadot/util` to `7.0.1`
 
 
 ## 0.38.8 Jun 26, 2012
diff --git a/package.json b/package.json
index 46c21e08..0d939c71 100644
--- a/package.json
+++ b/package.json
@@ -2,19 +2,19 @@
   "repository": "https://github.com/polkadot-js/extension",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "private": true,
   "workspaces": [
     "packages/*"
   ],
   "resolutions": {
-    "@polkadot/api": "^4.17.2-18",
-    "@polkadot/keyring": "^6.11.2-14",
-    "@polkadot/networks": "^6.11.2-14",
-    "@polkadot/types": "^4.17.2-18",
-    "@polkadot/util": "^6.11.2-14",
-    "@polkadot/util-crypto": "^6.11.2-14",
-    "@polkadot/x-fetch": "^6.11.2-14",
+    "@polkadot/api": "^5.0.1",
+    "@polkadot/keyring": "^7.0.1",
+    "@polkadot/networks": "^7.0.1",
+    "@polkadot/types": "^5.0.1",
+    "@polkadot/util": "^7.0.1",
+    "@polkadot/util-crypto": "^7.0.1",
+    "@polkadot/x-fetch": "^7.0.1",
     "babel-core": "^7.0.0-bridge.0",
     "safe-buffer": "^5.2.1",
     "typescript": "^4.3.5",
@@ -41,7 +41,7 @@
   },
   "devDependencies": {
     "@babel/core": "^7.14.6",
-    "@polkadot/dev": "^0.62.56",
+    "@polkadot/dev": "^0.62.57",
     "@types/jest": "^26.0.23",
     "i18next-scanner": "^3.0.0",
     "sinon-chrome": "^3.0.1",
diff --git a/packages/extension-base/package.json b/packages/extension-base/package.json
index 83516907..d7e4c1cc 100644
--- a/packages/extension-base/package.json
+++ b/packages/extension-base/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@polkadot/extension-base",
   "description": "Functions, classes and other utilities used in @polkadot/extension",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
@@ -9,11 +9,11 @@
   "sideEffects": false,
   "dependencies": {
     "@babel/runtime": "^7.14.6",
-    "@polkadot/api": "^4.17.2-18",
-    "@polkadot/extension-dapp": "^0.38.9-0",
-    "@polkadot/extension-inject": "^0.38.9-0",
-    "@polkadot/keyring": "^6.11.2-14",
+    "@polkadot/api": "^5.0.1",
+    "@polkadot/extension-dapp": "^0.39.0",
+    "@polkadot/extension-inject": "^0.39.0",
+    "@polkadot/keyring": "^7.0.1",
     "@polkadot/phishing": "^0.6.220",
-    "@polkadot/ui-keyring": "^0.83.2-3"
+    "@polkadot/ui-keyring": "^0.84.1"
   }
 }
diff --git a/packages/extension-chains/package.json b/packages/extension-chains/package.json
index 02f94e65..4bf65785 100644
--- a/packages/extension-chains/package.json
+++ b/packages/extension-chains/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@polkadot/extension-chains",
   "description": "Definitions for all known chains as exposed by the extension.",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
@@ -9,7 +9,7 @@
   "sideEffects": false,
   "dependencies": {
     "@babel/runtime": "^7.14.6",
-    "@polkadot/networks": "^6.11.2-14"
+    "@polkadot/networks": "^7.0.1"
   },
   "peerDependencies": {
     "@polkadot/api": "*"
diff --git a/packages/extension-dapp/package.json b/packages/extension-dapp/package.json
index 7803ae8e..9d7b6373 100644
--- a/packages/extension-dapp/package.json
+++ b/packages/extension-dapp/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@polkadot/extension-dapp",
   "description": "Provides an interfaces around the injected globals for ease of access by dapp developers.",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
@@ -9,9 +9,9 @@
   "sideEffects": false,
   "dependencies": {
     "@babel/runtime": "^7.14.6",
-    "@polkadot/extension-inject": "^0.38.9-0",
-    "@polkadot/util": "^6.11.2-14",
-    "@polkadot/util-crypto": "^6.11.2-14"
+    "@polkadot/extension-inject": "^0.39.0",
+    "@polkadot/util": "^7.0.1",
+    "@polkadot/util-crypto": "^7.0.1"
   },
   "peerDependencies": {
     "@polkadot/api": "*",
diff --git a/packages/extension-inject/package.json b/packages/extension-inject/package.json
index 06fac3af..590ba766 100644
--- a/packages/extension-inject/package.json
+++ b/packages/extension-inject/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@polkadot/extension-inject",
   "description": "A generic injector (usable to any extension), that populates the base exposed interfaces to be used by dapps.",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
diff --git a/packages/extension-ui/package.json b/packages/extension-ui/package.json
index 25e213af..40b85a0e 100644
--- a/packages/extension-ui/package.json
+++ b/packages/extension-ui/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@polkadot/extension-ui",
   "description": "A sample signer extension for the @polkadot/api",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
@@ -12,16 +12,16 @@
     "@fortawesome/free-regular-svg-icons": "^5.15.3",
     "@fortawesome/free-solid-svg-icons": "^5.15.3",
     "@fortawesome/react-fontawesome": "^0.1.14",
-    "@polkadot/extension-base": "^0.38.9-0",
-    "@polkadot/extension-dapp": "^0.38.9-0",
-    "@polkadot/extension-inject": "^0.38.9-0",
-    "@polkadot/hw-ledger": "^6.11.2-14",
-    "@polkadot/keyring": "^6.11.2-14",
-    "@polkadot/networks": "^6.11.2-14",
-    "@polkadot/react-identicon": "^0.83.2-3",
-    "@polkadot/react-qr": "^0.83.2-3",
-    "@polkadot/util": "^6.11.2-14",
-    "@polkadot/util-crypto": "^6.11.2-14",
+    "@polkadot/extension-base": "^0.39.0",
+    "@polkadot/extension-dapp": "^0.39.0",
+    "@polkadot/extension-inject": "^0.39.0",
+    "@polkadot/hw-ledger": "^7.0.1",
+    "@polkadot/keyring": "^7.0.1",
+    "@polkadot/networks": "^7.0.1",
+    "@polkadot/react-identicon": "^0.84.1",
+    "@polkadot/react-qr": "^0.84.1",
+    "@polkadot/util": "^7.0.1",
+    "@polkadot/util-crypto": "^7.0.1",
     "file-saver": "^2.0.5",
     "i18next": "^20.3.2",
     "react": "^17.0.2",
diff --git a/packages/extension/package.json b/packages/extension/package.json
index f157ac1b..e91627e0 100644
--- a/packages/extension/package.json
+++ b/packages/extension/package.json
@@ -1,18 +1,18 @@
 {
   "name": "@polkadot/extension",
   "description": "A sample signer extension for the @polkadot/api",
-  "version": "0.38.9-0",
+  "version": "0.39.0",
   "type": "module",
   "author": "Jaco Greeff <jacogr@gmail.com>",
   "license": "Apache-2",
   "dependencies": {
     "@babel/runtime": "^7.14.6",
-    "@polkadot/extension-base": "^0.38.9-0",
-    "@polkadot/extension-inject": "^0.38.9-0",
-    "@polkadot/extension-ui": "^0.38.9-0"
+    "@polkadot/extension-base": "^0.39.0",
+    "@polkadot/extension-inject": "^0.39.0",
+    "@polkadot/extension-ui": "^0.39.0"
   },
   "devDependencies": {
-    "@polkadot/dev": "^0.62.56",
+    "@polkadot/dev": "^0.62.57",
     "babel-loader": "^8.2.2",
     "browser-resolve": "^2.0.0",
     "buffer": "^6.0.3",
diff --git a/yarn.lock b/yarn.lock
index 549eacbf..d10681d4 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2044,43 +2044,43 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@polkadot/api-derive@npm:4.17.2-18":
-  version: 4.17.2-18
-  resolution: "@polkadot/api-derive@npm:4.17.2-18"
+"@polkadot/api-derive@npm:5.0.1":
+  version: 5.0.1
+  resolution: "@polkadot/api-derive@npm:5.0.1"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/api": 4.17.2-18
-    "@polkadot/rpc-core": 4.17.2-18
-    "@polkadot/types": 4.17.2-18
-    "@polkadot/util": ^6.11.2-14
-    "@polkadot/util-crypto": ^6.11.2-14
+    "@polkadot/api": 5.0.1
+    "@polkadot/rpc-core": 5.0.1
+    "@polkadot/types": 5.0.1
+    "@polkadot/util": ^7.0.1
+    "@polkadot/util-crypto": ^7.0.1
     rxjs: ^7.2.0
-  checksum: 0e313467cd9a246615f53f00c75af8bdb1c7004bc85198a9e90e82258aee4568eb006a208c646c2b742e6bee2cee228fd0bd7e8b82c82391df7db83a0bb8a727
+  checksum: 87cdd3dc4b6dee0aa72a9d2ebc412cf0d96140e2aca74d6f0d556d0a640386f08c5d1fc9dbf75ebaec350c113aa3d5b3cc366bca2cc27293388a9f6e3c4da54a
   languageName: node
   linkType: hard
 
-"@polkadot/api@npm:^4.17.2-18":
-  version: 4.17.2-18
-  resolution: "@polkadot/api@npm:4.17.2-18"
+"@polkadot/api@npm:^5.0.1":
+  version: 5.0.1
+  resolution: "@polkadot/api@npm:5.0.1"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/api-derive": 4.17.2-18
-    "@polkadot/keyring": ^6.11.2-14
-    "@polkadot/rpc-core": 4.17.2-18
-    "@polkadot/rpc-provider": 4.17.2-18
-    "@polkadot/types": 4.17.2-18
-    "@polkadot/types-known": 4.17.2-18
-    "@polkadot/util": ^6.11.2-14
-    "@polkadot/util-crypto": ^6.11.2-14
+    "@polkadot/api-derive": 5.0.1
+    "@polkadot/keyring": ^7.0.1
+    "@polkadot/rpc-core": 5.0.1
+    "@polkadot/rpc-provider": 5.0.1
+    "@polkadot/types": 5.0.1
+    "@polkadot/types-known": 5.0.1
+    "@polkadot/util": ^7.0.1
+    "@polkadot/util-crypto": ^7.0.1
     eventemitter3: ^4.0.7
     rxjs: ^7.2.0
-  checksum: 708d71a1d889a4bdefb534fb5d8bf06d3e424208b060e5acf1eefe755acc6366c76879a41dfc0ed6d0516399e89613356367002bb71ddcf50bed163831d01707
+  checksum: 8c1fa53cddfb14616d2f4fc8e59bb159d59918aba9950f329d222b609546990ab44c31d05acea01061a39d0e821df5a4213475ee58446e34704749f2e18d712c
   languageName: node
   linkType: hard
 
-"@polkadot/dev@npm:^0.62.56":
-  version: 0.62.56
-  resolution: "@polkadot/dev@npm:0.62.56"
+"@polkadot/dev@npm:^0.62.57":
+  version: 0.62.57
+  resolution: "@polkadot/dev@npm:0.62.57"
   dependencies:
     "@babel/cli": ^7.14.5
     "@babel/core": ^7.14.6
@@ -2107,13 +2107,13 @@ __metadata:
     "@rollup/plugin-json": ^4.1.0
     "@rollup/plugin-node-resolve": ^13.0.0
     "@rushstack/eslint-patch": ^1.0.6
-    "@typescript-eslint/eslint-plugin": 4.28.1
-    "@typescript-eslint/parser": 4.28.1
+    "@typescript-eslint/eslint-plugin": 4.28.2
+    "@typescript-eslint/parser": 4.28.2
     "@vue/component-compiler-utils": ^3.2.2
     babel-jest: ^27.0.6
     babel-plugin-module-extension-resolver: ^1.0.0-rc.2
     babel-plugin-module-resolver: ^4.1.0
-    babel-plugin-styled-components: ^1.13.1
+    babel-plugin-styled-components: ^1.13.2
     browserslist: ^4.16.6
     chalk: ^4.1.1
     coveralls: ^3.1.1
@@ -2143,8 +2143,7 @@ __metadata:
     mkdirp: ^1.0.4
     prettier: ^2.3.2
     rimraf: ^3.0.2
-    rollup: ^2.52.7
-    rollup-plugin-polyfill-node: ^0.6.2
+    rollup: ^2.53.0
     typescript: ^4.3.5
     yargs: ^17.0.1
   bin:
@@ -2168,21 +2167,21 @@ __metadata:
     polkadot-exec-rollup: scripts/polkadot-exec-rollup.cjs
     polkadot-exec-tsc: scripts/polkadot-exec-tsc.cjs
     polkadot-exec-webpack: scripts/polkadot-exec-webpack.cjs
-  checksum: dfd8d2a404224108d241162e352bbe4bd75af7bf29a530a280de58ac4177b4ad3b500e1b8afbb9f236e906a61f91634064543b4315f630fe9216788aa3d59cd5
+  checksum: 3567d649916fbb9b5f7a66807f9fee27cc2e6a37a6923cd87c24e7c44239fd4201186a6fb2830ec985d27764dff65492a35a73c08c86f6377108528c5b66d9cd
   languageName: node
   linkType: hard
 
-"@polkadot/extension-base@^0.38.9-0, @polkadot/extension-base@workspace:packages/extension-base":
+"@polkadot/extension-base@^0.39.0, @polkadot/extension-base@workspace:packages/extension-base":
   version: 0.0.0-use.local
   resolution: "@polkadot/extension-base@workspace:packages/extension-base"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/api": ^4.17.2-18
-    "@polkadot/extension-dapp": ^0.38.9-0
-    "@polkadot/extension-inject": ^0.38.9-0
-    "@polkadot/keyring": ^6.11.2-14
+    "@polkadot/api": ^5.0.1
+    "@polkadot/extension-dapp": ^0.39.0
+    "@polkadot/extension-inject": ^0.39.0
+    "@polkadot/keyring": ^7.0.1
     "@polkadot/phishing": ^0.6.220
-    "@polkadot/ui-keyring": ^0.83.2-3
+    "@polkadot/ui-keyring": ^0.84.1
   languageName: unknown
   linkType: soft
 
@@ -2191,20 +2190,20 @@ __metadata:
   resolution: "@polkadot/extension-chains@workspace:packages/extension-chains"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/networks": ^6.11.2-14
+    "@polkadot/networks": ^7.0.1
   peerDependencies:
     "@polkadot/api": "*"
   languageName: unknown
   linkType: soft
 
-"@polkadot/extension-dapp@^0.38.9-0, @polkadot/extension-dapp@workspace:packages/extension-dapp":
+"@polkadot/extension-dapp@^0.39.0, @polkadot/extension-dapp@workspace:packages/extension-dapp":
   version: 0.0.0-use.local
   resolution: "@polkadot/extension-dapp@workspace:packages/extension-dapp"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/extension-inject": ^0.38.9-0
-    "@polkadot/util": ^6.11.2-14
-    "@polkadot/util-crypto": ^6.11.2-14
+    "@polkadot/extension-inject": ^0.39.0
+    "@polkadot/util": ^7.0.1
+    "@polkadot/util-crypto": ^7.0.1
   peerDependencies:
     "@polkadot/api": "*"
     "@polkadot/util": "*"
@@ -2212,7 +2211,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@polkadot/extension-inject@^0.38.9-0, @polkadot/extension-inject@workspace:packages/extension-inject":
+"@polkadot/extension-inject@^0.39.0, @polkadot/extension-inject@workspace:packages/extension-inject":
   version: 0.0.0-use.local
   resolution: "@polkadot/extension-inject@workspace:packages/extension-inject"
   dependencies:
@@ -2224,7 +2223,7 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@polkadot/extension-ui@^0.38.9-0, @polkadot/extension-ui@workspace:packages/extension-ui":
+"@polkadot/extension-ui@^0.39.0, @polkadot/extension-ui@workspace:packages/extension-ui":
   version: 0.0.0-use.local
   resolution: "@polkadot/extension-ui@workspace:packages/extension-ui"
   dependencies:
@@ -2234,16 +2233,16 @@ __metadata:
     "@fortawesome/free-regular-svg-icons": ^5.15.3
     "@fortawesome/free-solid-svg-icons": ^5.15.3
     "@fortawesome/react-fontawesome": ^0.1.14
-    "@polkadot/extension-base": ^0.38.9-0
-    "@polkadot/extension-dapp": ^0.38.9-0
-    "@polkadot/extension-inject": ^0.38.9-0
-    "@polkadot/hw-ledger": ^6.11.2-14
-    "@polkadot/keyring": ^6.11.2-14
-    "@polkadot/networks": ^6.11.2-14
-    "@polkadot/react-identicon": ^0.83.2-3
-    "@polkadot/react-qr": ^0.83.2-3
-    "@polkadot/util": ^6.11.2-14
-    "@polkadot/util-crypto": ^6.11.2-14
+    "@polkadot/extension-base": ^0.39.0
+    "@polkadot/extension-dapp": ^0.39.0
+    "@polkadot/extension-inject": ^0.39.0
+    "@polkadot/hw-ledger": ^7.0.1
+    "@polkadot/keyring": ^7.0.1
+    "@polkadot/networks": ^7.0.1
+    "@polkadot/react-identicon": ^0.84.1
+    "@polkadot/react-qr": ^0.84.1
+    "@polkadot/util": ^7.0.1
+    "@polkadot/util-crypto": ^7.0.1
     "@types/bn.js": ^4.11.6
     "@types/enzyme": ^3.10.8
     "@types/enzyme-adapter-react-16": ^1.0.6
@@ -2276,10 +2275,10 @@ __metadata:
   resolution: "@polkadot/extension@workspace:packages/extension"
   dependencies:
     "@babel/runtime": ^7.14.6
-    "@polkadot/dev": ^0.62.56
-    "@polkadot/extension-base": ^0.38.9-0
-    "@polkadot/extension-inject": ^0.38.9-0
-    "@polkadot/extension-ui": ^0.38.9-0
+    "@polkadot/dev": ^0.62.57
+    "@polkadot/extension-base": ^0.39.0
+    "@polkadot/extension-inject": ^0.39.0
+    "@polkadot/extension-ui": ^0.39.0
     babel-loader: ^8.2.2
     browser-resolve: ^2.0.0
     buffer: ^6.0.3
@@ -2299,9 +2298,9 @@ __metadata:
   languageName: unknown
   linkType: soft
 
-"@polkadot/hw-ledger-transports@npm:6.11.2-14":
-  version: 6.11.2-14
-  resolution: "@polkadot/hw-ledger-transports@npm:6.11.2-14"
+"@polkadot/hw-ledger-transports@npm:7.0.1":
+  version: 7.0.1
+  resolution: "@polkadot/hw-ledger-transports@npm:7.0.1"
   dependencies:
     "@babel/runtime": ^7.14.6
     "@ledgerhq/hw-transport": ^6.1.0
@@ -2311,42 +2310,42 @@ __metadata:
   dependenciesMeta:
     "@ledgerhq/hw-transport-node-hid-singleton":
       optional: true
-  checksum: a42933bc1d03c0311d239a1c7dc273b5df552719d24a97b0ba71ddc4e589bb9b496539604a197941577b33dba8c64d96e6f6abeb1359921bf9ff4f512bdd0ef9
+  checksum: 04dcabaeff340bca9fc4767081025a30ee623f658719581245ecc0c0d3c8976e2827dada0d3fb4a979ea4354d58997eb20a747baea3939ad751aa0ac97358896
   languageName: node
   linkType: hard
 
-"@polkadot/hw-ledger@npm:^6.11.2-14":
-  version: 6.11.2-14
-  resolution: "@polkadot/hw-ledger@npm:6.11.2-14"
+"@polkadot/hw-ledger@npm:^7.0.1":
+  version: 7.0.1
+  resolution: "@polkadot/hw-ledger@npm:7.0.1"
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