diff --git a/desktop/package.json b/desktop/package.json
index 3efd52e5b..1b2ecf492 100644
--- a/desktop/package.json
+++ b/desktop/package.json
@@ -68,9 +68,9 @@
   "description": "Mobile development tool",
   "devDependencies": {
     "@babel/eslint-parser": "^7.16.3",
+    "@types/jest": "^26.0.24",
     "@typescript-eslint/eslint-plugin": "^4.33.0",
     "@typescript-eslint/parser": "^4.33.0",
-    "@types/jest": "^26.0.24",
     "babel-eslint": "^10.1.0",
     "cross-env": "^7.0.3",
     "electron": "11.2.3",
@@ -157,7 +157,7 @@
     "tsc-plugins": "./ts-node scripts/tsc-plugins.ts",
     "watch": "cross-env TZ=Pacific/Pohnpei node --expose-gc --stack-trace-limit=40 ./node_modules/.bin/jest --watch"
   },
-  "version": "0.126.0",
+  "version": "0.127.0",
   "workspaces": {
     "packages": [
       "scripts",
diff --git a/desktop/plugins/public/layout/docs/setup.mdx b/desktop/plugins/public/layout/docs/setup.mdx
index 611d89d45..2ee47f32a 100644
--- a/desktop/plugins/public/layout/docs/setup.mdx
+++ b/desktop/plugins/public/layout/docs/setup.mdx
@@ -25,7 +25,7 @@ gradle configuration:
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-litho-plugin:0.126.0'
+  debugImplementation 'com.facebook.flipper:flipper-litho-plugin:0.127.0'
   debugImplementation 'com.facebook.litho:litho-annotations:0.19.0'
   // ...
 }
diff --git a/desktop/plugins/public/leak_canary/docs/setup.mdx b/desktop/plugins/public/leak_canary/docs/setup.mdx
index 72b299f15..be00baf1d 100644
--- a/desktop/plugins/public/leak_canary/docs/setup.mdx
+++ b/desktop/plugins/public/leak_canary/docs/setup.mdx
@@ -3,7 +3,7 @@ Ensure that you already have an explicit dependency in your application's
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-leakcanary2-plugin:0.126.0'
+  debugImplementation 'com.facebook.flipper:flipper-leakcanary2-plugin:0.127.0'
   debugImplementation 'com.squareup.leakcanary:leakcanary-android:2.6'
 }
 ```
diff --git a/desktop/plugins/public/network/docs/setup.mdx b/desktop/plugins/public/network/docs/setup.mdx
index be0e4b6ef..d39d095ef 100644
--- a/desktop/plugins/public/network/docs/setup.mdx
+++ b/desktop/plugins/public/network/docs/setup.mdx
@@ -10,7 +10,7 @@ The network plugin is shipped as a separate Maven artifact:
 
 ```groovy
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper-network-plugin:0.126.0'
+  debugImplementation 'com.facebook.flipper:flipper-network-plugin:0.127.0'
 }
 ```
 
diff --git a/desktop/static/CHANGELOG.md b/desktop/static/CHANGELOG.md
index 9886c6e34..5c58b871c 100644
--- a/desktop/static/CHANGELOG.md
+++ b/desktop/static/CHANGELOG.md
@@ -1,3 +1,10 @@
+# 0.127.0 (22/12/2021)
+
+ * [D33089810](https://github.com/facebook/flipper/search?q=D33089810&type=Commits) -  Move crash watcher to the server. Add 'device-crash' event. Add 'device-start-crash-watcher', 'device-stop-crash-watcher' commands. Add 'onDeviceCrash' method to Plugin Client.
+ * [D33132506](https://github.com/facebook/flipper/search?q=D33132506&type=Commits) -  Allow only a single crash watcher and a single log listener per device. Start log listener and crash watcher for every device upon connection. Remove commands to start/stop them externally.
+ * [D33276414](https://github.com/facebook/flipper/search?q=D33276414&type=Commits) -  Work-around for missing `origin` header problem https://github.com/facebook/flipper/issues/3189; causing Metro to crash when Flipper tries to connect
+
+
 # 0.126.0 (17/12/2021)
 
  * [D33158280](https://github.com/facebook/flipper/search?q=D33158280&type=Commits) -  Fixed issue where a missing ANDROID_SDK_ROOT env var made it impossible to launch emulators
diff --git a/docs/getting-started/android-native.mdx b/docs/getting-started/android-native.mdx
index 7dcbf7a10..e10a495ed 100644
--- a/docs/getting-started/android-native.mdx
+++ b/docs/getting-started/android-native.mdx
@@ -26,10 +26,10 @@ repositories {
 }
 
 dependencies {
-  debugImplementation 'com.facebook.flipper:flipper:0.126.0'
+  debugImplementation 'com.facebook.flipper:flipper:0.127.0'
   debugImplementation 'com.facebook.soloader:soloader:0.10.1'
 
-  releaseImplementation 'com.facebook.flipper:flipper-noop:0.126.0'
+  releaseImplementation 'com.facebook.flipper:flipper-noop:0.127.0'
 }
 ```
 
diff --git a/docs/getting-started/react-native-ios.mdx b/docs/getting-started/react-native-ios.mdx
index a57ad711f..515e0fbf8 100644
--- a/docs/getting-started/react-native-ios.mdx
+++ b/docs/getting-started/react-native-ios.mdx
@@ -49,7 +49,7 @@ In 0.62, the setup includes a bit more code (which was moved to a helper in 0.63
 platform :ios, '9.0'
 
 def flipper_pods()
-  flipperkit_version = '0.126.0' # should match the version of your Flipper client app
+  flipperkit_version = '0.127.0' # should match the version of your Flipper client app
   pod 'FlipperKit', '~>' + flipperkit_version, :configuration => 'Debug'
   pod 'FlipperKit/FlipperKitLayoutPlugin', '~>' + flipperkit_version, :configuration => 'Debug'
   pod 'FlipperKit/SKIOSNetworkPlugin', '~>' + flipperkit_version, :configuration => 'Debug'
diff --git a/docs/getting-started/react-native.mdx b/docs/getting-started/react-native.mdx
index 4e60cee91..8f5a2ba53 100644
--- a/docs/getting-started/react-native.mdx
+++ b/docs/getting-started/react-native.mdx
@@ -32,12 +32,12 @@ By default React Native might ship with an outdated Flipper SDK. To make sure yo
 
 Android:
 
-1. Bump the `FLIPPER_VERSION` variable in `android/gradle.properties`, for example: `FLIPPER_VERSION=0.126.0`.
+1. Bump the `FLIPPER_VERSION` variable in `android/gradle.properties`, for example: `FLIPPER_VERSION=0.127.0`.
 2. Run `./gradlew clean` in the `android` directory.
 
 iOS:
 
-1. Call `use_flipper` with a specific version in `ios/Podfile`, for example: `use_flipper!({ 'Flipper' => '0.126.0' })`.
+1. Call `use_flipper` with a specific version in `ios/Podfile`, for example: `use_flipper!({ 'Flipper' => '0.127.0' })`.
 2. Run `pod install` in the `ios` directory.
 
 ## Manual Setup
diff --git a/gradle.properties b/gradle.properties
index c857d7bd9..437658014 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -4,7 +4,7 @@
 # LICENSE file in the root directory of this source tree.
 
 # POM publishing constants
-VERSION_NAME=0.126.1-SNAPSHOT
+VERSION_NAME=0.127.0
 GROUP=com.facebook.flipper
 SONATYPE_STAGING_PROFILE=comfacebook
 POM_URL=https://github.com/facebook/flipper
diff --git a/js/js-flipper/package.json b/js/js-flipper/package.json
index 8e154db64..87881968c 100644
--- a/js/js-flipper/package.json
+++ b/js/js-flipper/package.json
@@ -1,7 +1,7 @@
 {
   "name": "js-flipper",
   "title": "JS Flipper Bindings for Web-Socket based clients",
-  "version": "0.126.0",
+  "version": "0.127.0",
   "main": "lib/index.js",
   "types": "lib/index.d.ts",
   "description": "Flipper bindings for Node.js and web",
diff --git a/react-native/react-native-flipper/package.json b/react-native/react-native-flipper/package.json
index cc1b63150..d1e7067e2 100644
--- a/react-native/react-native-flipper/package.json
+++ b/react-native/react-native-flipper/package.json
@@ -1,7 +1,7 @@
 {
   "name": "react-native-flipper",
   "title": "React Native Flipper Bindings",
-  "version": "0.126.0",
+  "version": "0.127.0",
   "description": "Flipper bindings for React Native",
   "main": "index.js",
   "types": "index.d.ts",