diff --git a/tracing-core/CHANGELOG.md b/tracing-core/CHANGELOG.md
index be6bb1e0c..3f9720d0d 100644
--- a/tracing-core/CHANGELOG.md
+++ b/tracing-core/CHANGELOG.md
@@ -1,3 +1,16 @@
+# 0.1.34 (June 6, 2025)
+
+### Changed
+
+- Bump MSRV to 1.65 ([#3033])
+
+### Fixed
+
+- Do not compare references to pointers to compare pointers ([#3236])
+
+[#3033]: https://github.com/tokio-rs/tracing/pull/3033
+[#3236]: https://github.com/tokio-rs/tracing/pull/3236
+
 # 0.1.33 (November 25, 2024)
 
 ### Added
diff --git a/tracing-core/Cargo.toml b/tracing-core/Cargo.toml
index 07d1a09da..56e146ff2 100644
--- a/tracing-core/Cargo.toml
+++ b/tracing-core/Cargo.toml
@@ -6,7 +6,7 @@ name = "tracing-core"
 # - Update doc url in README.md.
 # - Update CHANGELOG.md.
 # - Create "tracing-core-0.1.x" git tag.
-version = "0.1.33"
+version = "0.1.34"
 authors = ["Tokio Contributors <team@tokio.rs>"]
 license = "MIT"
 readme = "README.md"
diff --git a/tracing-core/README.md b/tracing-core/README.md
index e916ff0b1..c908a1038 100644
--- a/tracing-core/README.md
+++ b/tracing-core/README.md
@@ -16,9 +16,9 @@ Core primitives for application-level tracing.
 [Documentation][docs-url] | [Chat][discord-url]
 
 [crates-badge]: https://img.shields.io/crates/v/tracing-core.svg
-[crates-url]: https://crates.io/crates/tracing-core/0.1.33
+[crates-url]: https://crates.io/crates/tracing-core/0.1.34
 [docs-badge]: https://docs.rs/tracing-core/badge.svg
-[docs-url]: https://docs.rs/tracing-core/0.1.33
+[docs-url]: https://docs.rs/tracing-core/0.1.34
 [docs-v0.2.x-badge]: https://img.shields.io/badge/docs-v0.2.x-blue
 [docs-v0.2.x-url]: https://tracing.rs/tracing_core
 [mit-badge]: https://img.shields.io/badge/license-MIT-blue.svg
@@ -79,22 +79,22 @@ The following crate feature flags are available:
 
   ```toml
   [dependencies]
-  tracing-core = { version = "0.1.33", default-features = false }
+  tracing-core = { version = "0.1.34", default-features = false }
   ```
 
   **Note**:`tracing-core`'s `no_std` support requires `liballoc`.
 
 [`tracing`]: ../tracing
-[`span::Id`]: https://docs.rs/tracing-core/0.1.33/tracing_core/span/struct.Id.html
-[`Event`]: https://docs.rs/tracing-core/0.1.33/tracing_core/event/struct.Event.html
-[`Subscriber`]: https://docs.rs/tracing-core/0.1.33/tracing_core/subscriber/trait.Subscriber.html
-[`Metadata`]: https://docs.rs/tracing-core/0.1.33/tracing_core/metadata/struct.Metadata.html
-[`Callsite`]: https://docs.rs/tracing-core/0.1.33/tracing_core/callsite/trait.Callsite.html
-[`Field`]: https://docs.rs/tracing-core/0.1.33/tracing_core/field/struct.Field.html
-[`FieldSet`]: https://docs.rs/tracing-core/0.1.33/tracing_core/field/struct.FieldSet.html
-[`Value`]: https://docs.rs/tracing-core/0.1.33/tracing_core/field/trait.Value.html
-[`ValueSet`]: https://docs.rs/tracing-core/0.1.33/tracing_core/field/struct.ValueSet.html
-[`Dispatch`]: https://docs.rs/tracing-core/0.1.33/tracing_core/dispatcher/struct.Dispatch.html
+[`span::Id`]: https://docs.rs/tracing-core/0.1.34/tracing_core/span/struct.Id.html
+[`Event`]: https://docs.rs/tracing-core/0.1.34/tracing_core/event/struct.Event.html
+[`Subscriber`]: https://docs.rs/tracing-core/0.1.34/tracing_core/subscriber/trait.Subscriber.html
+[`Metadata`]: https://docs.rs/tracing-core/0.1.34/tracing_core/metadata/struct.Metadata.html
+[`Callsite`]: https://docs.rs/tracing-core/0.1.34/tracing_core/callsite/trait.Callsite.html
+[`Field`]: https://docs.rs/tracing-core/0.1.34/tracing_core/field/struct.Field.html
+[`FieldSet`]: https://docs.rs/tracing-core/0.1.34/tracing_core/field/struct.FieldSet.html
+[`Value`]: https://docs.rs/tracing-core/0.1.34/tracing_core/field/trait.Value.html
+[`ValueSet`]: https://docs.rs/tracing-core/0.1.34/tracing_core/field/struct.ValueSet.html
+[`Dispatch`]: https://docs.rs/tracing-core/0.1.34/tracing_core/dispatcher/struct.Dispatch.html
 
 ## Supported Rust Versions