diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3aa174c55..86b806fc3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,7 +8,17 @@ and this repository adheres to [Semantic Versioning](https://semver.org/spec/v2.
 
 ## Unreleased
 
-- tbd
+## v1.29.0 - 2023-10-13
+
+### General
+
+- OpenTelemetry Java SDK has been updated to version 1.31.0.
+- OpenTelemetry Instrumentation for Java has been updated to version 1.31.0.
+- Micrometer dependency has been updated to version 1.11.5.
+
+### 🛠️ Bug fixes
+
+- Silence profiler warnings on JDK 21 (#1470)
 
 ## v1.28.0 - 2023-09-15
  
diff --git a/README.md b/README.md
index 998337f3f..9a666f8b4 100644
--- a/README.md
+++ b/README.md
@@ -12,8 +12,8 @@
 
 <p align="center">
   <img alt="Stable" src="https://img.shields.io/badge/status-stable-informational?style=for-the-badge">
-  <a href="https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/tag/v1.30.0">
-    <img alt="OpenTelemetry Instrumentation for Java Version" src="https://img.shields.io/badge/otel-1.30.0-blueviolet?style=for-the-badge">
+  <a href="https://github.com/open-telemetry/opentelemetry-java-instrumentation/releases/tag/v1.31.0">
+    <img alt="OpenTelemetry Instrumentation for Java Version" src="https://img.shields.io/badge/otel-1.31.0-blueviolet?style=for-the-badge">
   </a>
   <a href="https://github.com/signalfx/gdi-specification/releases/tag/v1.6.0">
     <img alt="Splunk GDI specification" src="https://img.shields.io/badge/GDI-1.6.0-blueviolet?style=for-the-badge">
@@ -73,11 +73,6 @@ see [Migrate from the SignalFx Java Agent](https://quickdraw.splunk.com/redirect
 
 <!-- Comments, spacing, empty and new lines in the section below are intentional, please do not modify them! -->
 <!--DEV_DOCS_WARNING-->
-<!--DEV_DOCS_WARNING_START-->
-The following documentation refers to the in-development version of `splunk-otel-java`. Docs for the latest version ([v1.28.0](https://github.com/signalfx/splunk-otel-java/releases/latest)) can be found [here](https://github.com/signalfx/splunk-otel-java/blob/v1.28.0/README.md).
-
----
-<!--DEV_DOCS_WARNING_END-->
 
 ## Requirements
 
@@ -109,11 +104,11 @@ To extend the instrumentation with the OpenTelemetry Instrumentation for Java,
 you have to use a compatible API version.
 
 <!-- IMPORTANT: do not change comments or break those lines below -->
-The Splunk Distribution of OpenTelemetry Java version <!--SPLUNK_VERSION-->1.28.0<!--SPLUNK_VERSION--> is compatible
+The Splunk Distribution of OpenTelemetry Java version <!--SPLUNK_VERSION-->1.29.0<!--SPLUNK_VERSION--> is compatible
 with:
 
-* OpenTelemetry API version <!--OTEL_VERSION-->1.30.1<!--OTEL_VERSION-->
-* OpenTelemetry Instrumentation for Java version <!--OTEL_INSTRUMENTATION_VERSION-->1.30.0<!--OTEL_INSTRUMENTATION_VERSION-->
+* OpenTelemetry API version <!--OTEL_VERSION-->1.31.0<!--OTEL_VERSION-->
+* OpenTelemetry Instrumentation for Java version <!--OTEL_INSTRUMENTATION_VERSION-->1.31.0<!--OTEL_INSTRUMENTATION_VERSION-->
 * Micrometer version 1.11.0
 
 ## Snapshot builds
diff --git a/buildSrc/src/main/kotlin/splunk.java-conventions.gradle.kts b/buildSrc/src/main/kotlin/splunk.java-conventions.gradle.kts
index b9cce0014..fc0237c4b 100644
--- a/buildSrc/src/main/kotlin/splunk.java-conventions.gradle.kts
+++ b/buildSrc/src/main/kotlin/splunk.java-conventions.gradle.kts
@@ -5,6 +5,11 @@ plugins {
 repositories {
   mavenCentral()
   maven {
+    name = "sonatypeReleases"
+    url = uri("https://oss.sonatype.org/content/repositories/releases/")
+  }
+  maven {
+    name = "sonatypeSnapshots"
     url = uri("https://oss.sonatype.org/content/repositories/snapshots")
   }
 }
diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index edb23c7e5..4b5df35aa 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -2,9 +2,9 @@ plugins {
   `java-platform`
 }
 
-val otelVersion = "1.30.1"
+val otelVersion = "1.31.0"
 val otelAlphaVersion = otelVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
-val otelInstrumentationVersion = "1.30.0"
+val otelInstrumentationVersion = "1.31.0"
 val otelInstrumentationAlphaVersion =  otelInstrumentationVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 val otelContribAlphaVersion = "1.30.0-alpha"
 
@@ -43,7 +43,7 @@ dependencies {
     api("com.google.auto.service:auto-service:1.1.1")
     api("org.assertj:assertj-core:3.24.2")
     api("org.awaitility:awaitility:4.2.0")
-    api("com.signalfx.public:signalfx-metrics:1.0.35")
+    api("com.signalfx.public:signalfx-metrics:1.0.36")
 
     api("com.github.docker-java:docker-java-core:$dockerJavaVersion")
     api("com.github.docker-java:docker-java-transport-httpclient5:$dockerJavaVersion")
diff --git a/deployments/cloudfoundry/buildpack/README.md b/deployments/cloudfoundry/buildpack/README.md
index cab4e96e5..ea5535879 100644
--- a/deployments/cloudfoundry/buildpack/README.md
+++ b/deployments/cloudfoundry/buildpack/README.md
@@ -40,7 +40,7 @@ If you want to use a specific version of the Java agent in your application, you
 environment variable before application deployment, either using `cf set-env` or the `manifest.yml` file:
 
 ```sh
-$ cf set-env SPLUNK_OTEL_JAVA_VERSION 1.28.0
+$ cf set-env SPLUNK_OTEL_JAVA_VERSION 1.29.0
 ```
 
 By default, the [latest](https://github.com/signalfx/splunk-otel-java/releases/latest) available agent version is used.
diff --git a/instrumentation/khttp-0.1/src/main/java/com/splunk/opentelemetry/instrumentation/khttp/KHttpSingletons.java b/instrumentation/khttp-0.1/src/main/java/com/splunk/opentelemetry/instrumentation/khttp/KHttpSingletons.java
index a600a1d47..b7dfca662 100644
--- a/instrumentation/khttp-0.1/src/main/java/com/splunk/opentelemetry/instrumentation/khttp/KHttpSingletons.java
+++ b/instrumentation/khttp-0.1/src/main/java/com/splunk/opentelemetry/instrumentation/khttp/KHttpSingletons.java
@@ -49,7 +49,7 @@ public final class KHttpSingletons {
                     .build())
             .addAttributesExtractor(
                 PeerServiceAttributesExtractor.create(
-                    httpAttributesGetter, CommonConfig.get().getPeerServiceMapping()))
+                    httpAttributesGetter, CommonConfig.get().getPeerServiceResolver()))
             .addOperationMetrics(HttpClientMetrics.get())
             .buildClientInstrumenter(KHttpHttpHeaderSetter.INSTANCE);
   }
diff --git a/licenses/licenses.md b/licenses/licenses.md
index a3e9be206..5477d9608 100644
--- a/licenses/licenses.md
+++ b/licenses/licenses.md
@@ -1,7 +1,7 @@
 
 # splunk-otel-javaagent
 ## Dependency License Report
-_2023-10-10 18:56:45 EEST_
+_2023-10-13 10:15:49 CEST_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.fasterxml.jackson.core` **Name:** `jackson-core` **Version:** `2.15.2` 
@@ -18,23 +18,23 @@ _2023-10-10 18:56:45 EEST_
 > - **Embedded license files**: [jackson-jr-objects-2.15.2.jar/META-INF/LICENSE](jackson-jr-objects-2.15.2.jar/META-INF/LICENSE) 
     - [jackson-jr-objects-2.15.2.jar/META-INF/NOTICE](jackson-jr-objects-2.15.2.jar/META-INF/NOTICE)
 
-**3** **Group:** `com.signalfx.public` **Name:** `signalfx-commons-protoc-java` **Version:** `1.0.35` 
+**3** **Group:** `com.signalfx.public` **Name:** `signalfx-commons-protoc-java` **Version:** `1.0.36` 
 > - **POM Project URL**: [http://www.signalfx.com](http://www.signalfx.com)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**4** **Group:** `com.signalfx.public` **Name:** `signalfx-connection` **Version:** `1.0.35` 
+**4** **Group:** `com.signalfx.public` **Name:** `signalfx-connection` **Version:** `1.0.36` 
 > - **POM Project URL**: [https://www.splunk.com](https://www.splunk.com)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**5** **Group:** `com.signalfx.public` **Name:** `signalfx-endpoint` **Version:** `1.0.35` 
+**5** **Group:** `com.signalfx.public` **Name:** `signalfx-endpoint` **Version:** `1.0.36` 
 > - **POM Project URL**: [http://www.splunk.com](http://www.splunk.com)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**6** **Group:** `com.signalfx.public` **Name:** `signalfx-metrics` **Version:** `1.0.35` 
+**6** **Group:** `com.signalfx.public` **Name:** `signalfx-metrics` **Version:** `1.0.36` 
 > - **POM Project URL**: [http://www.signalfx.com](http://www.signalfx.com)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**7** **Group:** `com.signalfx.public` **Name:** `signalfx-protoc` **Version:** `1.0.35` 
+**7** **Group:** `com.signalfx.public` **Name:** `signalfx-protoc` **Version:** `1.0.36` 
 > - **POM Project URL**: [http://www.signalfx.com](http://www.signalfx.com)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
@@ -82,59 +82,59 @@ _2023-10-10 18:56:45 EEST_
 > - **Embedded license files**: [micrometer-registry-signalfx-1.11.5.jar/META-INF/LICENSE](micrometer-registry-signalfx-1.11.5.jar/META-INF/LICENSE) 
     - [micrometer-registry-signalfx-1.11.5.jar/META-INF/NOTICE](micrometer-registry-signalfx-1.11.5.jar/META-INF/NOTICE)
 
-**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.30.1` 
+**16** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.30.1-alpha` 
+**17** **Group:** `io.opentelemetry` **Name:** `opentelemetry-api-events` **Version:** `1.31.0-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.30.1` 
+**18** **Group:** `io.opentelemetry` **Name:** `opentelemetry-context` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.30.1` 
+**19** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-common` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.30.1` 
+**20** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.30.1` 
+**21** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-otlp-common` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.30.1` 
+**22** **Group:** `io.opentelemetry` **Name:** `opentelemetry-exporter-sender-okhttp` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.30.1-alpha` 
+**23** **Group:** `io.opentelemetry` **Name:** `opentelemetry-extension-incubator` **Version:** `1.31.0-alpha` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.30.1` 
+**24** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.30.1` 
+**25** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-common` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.30.1` 
+**26** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-extension-autoconfigure-spi` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.30.1` 
+**27** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-logs` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.30.1` 
+**28** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-metrics` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.30.1` 
+**29** **Group:** `io.opentelemetry` **Name:** `opentelemetry-sdk-trace` **Version:** `1.31.0` 
 > - **POM Project URL**: [https://github.com/open-telemetry/opentelemetry-java](https://github.com/open-telemetry/opentelemetry-java)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
@@ -276,6 +276,6 @@ _2023-10-10 18:56:45 EEST_
 
 ## Unknown
 
-**54** **Group:** `io.opentelemetry.instrumentation` **Name:** `opentelemetry-instrumentation-bom-alpha` **Version:** `1.30.0-alpha` 
+**54** **Group:** `io.opentelemetry.instrumentation` **Name:** `opentelemetry-instrumentation-bom-alpha` **Version:** `1.31.0-alpha` 
 
 
diff --git a/version.gradle.kts b/version.gradle.kts
index eb8f11d0e..103402208 100644
--- a/version.gradle.kts
+++ b/version.gradle.kts
@@ -1,5 +1,5 @@
 // do NOT update that variable manually - it is managed by the pre/post release scripts
-val distroVersion = "1.29.0-SNAPSHOT"
+val distroVersion = "1.29.0"
 
 allprojects {
   version = distroVersion