diff --git a/CHANGELOG.md b/CHANGELOG.md
index e3c5059b..44505597 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,17 @@
 CHANGELOG
 =========
 
+0.54.1
+------
+- Updated [fastwalk](https://github.com/charlievieth/fastwalk) dependency for built-in directory walker
+    - [fastwalk: add optional sorting and improve documentation](https://github.com/charlievieth/fastwalk/pull/27)
+    - [fastwalk: only check if MSYSTEM is set during MSYS/MSYS2](https://github.com/charlievieth/fastwalk/pull/28)
+    - Thanks to @charlievieth
+- Reverted ALT-C binding of fish to use `cd` instead of `builtin cd`
+    - `builtin cd` was introduced to work around a bug of `cd` coming from `zoxide init --cmd cd fish` where it cannot handle `--` argument.
+    - However, the default `cd` of fish is actually a wrapper function for supporting `cd -`, so we want to use it instead.
+    - See [#3928](https://github.com/junegunn/fzf/pull/3928) for more information and consider helping zoxide fix the bug.
+
 0.54.0
 ------
 _Release highlights: https://junegunn.github.io/fzf/releases/0.54.0/_
diff --git a/install b/install
index ef400c2e..b9f53332 100755
--- a/install
+++ b/install
@@ -2,7 +2,7 @@
 
 set -u
 
-version=0.54.0
+version=0.54.1
 auto_completion=
 key_bindings=
 update_config=2
diff --git a/install.ps1 b/install.ps1
index 8c4ed380..d363d8ea 100644
--- a/install.ps1
+++ b/install.ps1
@@ -1,4 +1,4 @@
-$version="0.54.0"
+$version="0.54.1"
 
 $fzf_base=Split-Path -Parent $MyInvocation.MyCommand.Definition
 
diff --git a/man/man1/fzf-tmux.1 b/man/man1/fzf-tmux.1
index 3d015235..a00f2053 100644
--- a/man/man1/fzf-tmux.1
+++ b/man/man1/fzf-tmux.1
@@ -21,7 +21,7 @@ LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
 OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
 THE SOFTWARE.
 ..
-.TH fzf\-tmux 1 "Jul 2024" "fzf 0.54.0" "fzf\-tmux - open fzf in tmux split pane"
+.TH fzf\-tmux 1 "Jul 2024" "fzf 0.54.1" "fzf\-tmux - open fzf in tmux split pane"
 
 .SH NAME
 fzf\-tmux - open fzf in tmux split pane
diff --git a/man/man1/fzf.1 b/man/man1/fzf.1
index b4eb369c..df1f4770 100644
--- a/man/man1/fzf.1
+++ b/man/man1/fzf.1
@@ -21,7 +21,7 @@ LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM,
 OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN
 THE SOFTWARE.
 ..
-.TH fzf 1 "Jul 2024" "fzf 0.54.0" "fzf - a command-line fuzzy finder"
+.TH fzf 1 "Jul 2024" "fzf 0.54.1" "fzf - a command-line fuzzy finder"
 
 .SH NAME
 fzf - a command-line fuzzy finder