diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9d768b679a..311d59463a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,24 @@
+Changes in [1.11.58](https://github.com/element-hq/element-web/releases/tag/v1.11.58) (2024-02-13)
+==================================================================================================
+## ✨ Features
+
+ * 🦀  🔒 **The flag to enable the Rust crypto implementation is now set to `true` by default. This means that without any additional configuration every new login will use the new cryptography implementation.**
+* Add Element call related functionality to new room header ([#12091](https://github.com/matrix-org/matrix-react-sdk/pull/12091)). Contributed by @toger5.
+* Add labs flag for Threads Activity Centre ([#12137](https://github.com/matrix-org/matrix-react-sdk/pull/12137)). Contributed by @florianduros.
+* Refactor element call lobby + skip lobby ([#12057](https://github.com/matrix-org/matrix-react-sdk/pull/12057)). Contributed by @toger5.
+* Hide the "Message" button in the sidebar if the CreateRooms components should not be shown ([#9271](https://github.com/matrix-org/matrix-react-sdk/pull/9271)). Contributed by @dhenneke.
+* Add notification dots to thread summary icons ([#12146](https://github.com/matrix-org/matrix-react-sdk/pull/12146)). Contributed by @dbkr.
+
+## 🐛 Bug Fixes
+
+* [Backport staging] Fix the StorageManger detecting a false positive consistency check when manually migrating to rust from labs ([#12230](https://github.com/matrix-org/matrix-react-sdk/pull/12230)). Contributed by @RiotRobot.
+* Fix logout can take ages ([#12191](https://github.com/matrix-org/matrix-react-sdk/pull/12191)). Contributed by @BillCarsonFr.
+* Fix `Mark all as read` in settings ([#12205](https://github.com/matrix-org/matrix-react-sdk/pull/12205)). Contributed by @florianduros.
+* Fix default thread notification of the new RoomHeader ([#12194](https://github.com/matrix-org/matrix-react-sdk/pull/12194)). Contributed by @florianduros.
+* Fix display of room notification debug info ([#12183](https://github.com/matrix-org/matrix-react-sdk/pull/12183)). Contributed by @dbkr.
+
+
+
 Changes in [1.11.57](https://github.com/element-hq/element-web/releases/tag/v1.11.57) (2024-01-31)
 ==================================================================================================
 ## 🦖 Deprecations
diff --git a/package.json b/package.json
index 0bbbeb15ac..a397d66f82 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.57",
+    "version": "1.11.58",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {
@@ -77,8 +77,8 @@
         "jsrsasign": "^11.0.0",
         "katex": "^0.16.0",
         "lodash": "^4.17.21",
-        "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
-        "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
+        "matrix-js-sdk": "31.3.0",
+        "matrix-react-sdk": "3.92.0",
         "matrix-widget-api": "^1.3.1",
         "react": "17.0.2",
         "react-dom": "17.0.2",
diff --git a/yarn.lock b/yarn.lock
index 62e45ef57f..601fd5f428 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2080,7 +2080,7 @@
     emojibase "^15.0.0"
     emojibase-data "^15.0.0"
 
-"@matrix-org/matrix-sdk-crypto-wasm@^4.1.0":
+"@matrix-org/matrix-sdk-crypto-wasm@^4.3.0":
   version "4.3.0"
   resolved "https://registry.yarnpkg.com/@matrix-org/matrix-sdk-crypto-wasm/-/matrix-sdk-crypto-wasm-4.3.0.tgz#ef08e7eafae6e9e85658c14a41f0d74a48c03f4a"
   integrity sha512-05+NO78pXda/MTxi05NJwBbbAsOmU6WywBOcAk9GarPzgvrj4GvOuYTY6VR5PD7Gzb3AI+vNx/Ho4V0GFKPW/w==
@@ -3578,10 +3578,10 @@
   dependencies:
     svg2vectordrawable "^2.9.1"
 
-"@vector-im/compound-web@3.0.0":
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/@vector-im/compound-web/-/compound-web-3.0.0.tgz#8843c1c6a40891f89fdb3dbccf972e2fc2e1e387"
-  integrity sha512-6wkFoByaiXvwrqNmF0W9K5/krThpczPnYeJOBG3FM90RoC3MrqNB6fBPTvsd17pzJWN6fEV2B11JUeqAFW0z5A==
+"@vector-im/compound-web@3.0.1":
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/@vector-im/compound-web/-/compound-web-3.0.1.tgz#308179822841f0211d3ed6e265098efe33d51791"
+  integrity sha512-QqejUl6o+0HE/mrN2xI54KKIPWPHbfoC8+JfYstLJpatr0G496FnWUJgglfb7a33ekkmctP1Een1bwuG8yZAvQ==
   dependencies:
     "@radix-ui/react-context-menu" "^2.1.5"
     "@radix-ui/react-dropdown-menu" "^2.0.6"
@@ -8320,6 +8320,11 @@ jiti@^1.20.0:
   resolved "https://registry.yarnpkg.com/js-tokens/-/js-tokens-4.0.0.tgz#19203fb59991df98e3a287050d4647cdeaf32499"
   integrity sha512-RdJUflcE3cUzKiMqQgsCu06FPu9UdIJO0beYbPhHN4k6apgJtifcoCtT9bcxOpYBtpD2kCM6Sbzg4CausW/PKQ==
 
+js-xxhash@^3.0.1:
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/js-xxhash/-/js-xxhash-3.0.1.tgz#e093b53d02cd80a830d61f58290c206aaa877b24"
+  integrity sha512-Y2NSC77RIxJrvi2NoXjMi2LYsVDTlVqBoQRi8PXQg4PtP29wdtIOhsp8Ujw4EjEkBFheCPx8bMOmI9zoxx/3jQ==
+
 js-yaml@^3.13.1:
   version "3.14.1"
   resolved "https://registry.yarnpkg.com/js-yaml/-/js-yaml-3.14.1.tgz#dae812fdb3825fa306609a8717383c50c36a0537"
@@ -8814,12 +8819,13 @@ matrix-events-sdk@0.0.1:
   resolved "https://registry.yarnpkg.com/matrix-events-sdk/-/matrix-events-sdk-0.0.1.tgz#c8c38911e2cb29023b0bbac8d6f32e0de2c957dd"
   integrity sha512-1QEOsXO+bhyCroIe2/A5OwaxHvBm7EsSQ46DEDn8RBIfQwN5HWBpFvyWWR4QY0KHPPnnJdI99wgRiAl7Ad5qaA==
 
-"matrix-js-sdk@github:matrix-org/matrix-js-sdk#develop":
-  version "31.2.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-js-sdk/tar.gz/1a364c93c3e2d4c211dc9cf374fb80038bab1214"
+matrix-js-sdk@31.3.0:
+  version "31.3.0"
+  resolved "https://registry.yarnpkg.com/matrix-js-sdk/-/matrix-js-sdk-31.3.0.tgz#724b0f6677d850d96e651955882d51c56cab7052"
+  integrity sha512-RwpHQxb8DWBaE7yzrTfSfO1N4jyk6ilcu/Zt3VFqwmeym/0ipVUy98sB2JXOf6E+MdG1w4WzOIxQu2R7GpPZ2g==
   dependencies:
     "@babel/runtime" "^7.12.5"
-    "@matrix-org/matrix-sdk-crypto-wasm" "^4.1.0"
+    "@matrix-org/matrix-sdk-crypto-wasm" "^4.3.0"
     another-json "^0.2.0"
     bs58 "^5.0.0"
     content-type "^1.0.4"
@@ -8840,9 +8846,10 @@ matrix-mock-request@^2.5.0:
   dependencies:
     expect "^28.1.0"
 
-"matrix-react-sdk@github:matrix-org/matrix-react-sdk#develop":
-  version "3.91.0"
-  resolved "https://codeload.github.com/matrix-org/matrix-react-sdk/tar.gz/31449d6f80a08816d384cf1131c70c69c64d51b6"
+matrix-react-sdk@3.92.0:
+  version "3.92.0"
+  resolved "https://registry.yarnpkg.com/matrix-react-sdk/-/matrix-react-sdk-3.92.0.tgz#1a6daf37dfdf4e6c56bee7d78c30a7cc1d395d2c"
+  integrity sha512-NqHbeamffABzWkOr3Gx+vkyStAB45nlMYIhSwFmiF7MfbtzTjWUl0jTN4fERgD8b40iwhcqYytpjMNxqm/9KbQ==
   dependencies:
     "@babel/runtime" "^7.12.5"
     "@matrix-org/analytics-events" "^0.9.0"
@@ -8854,7 +8861,7 @@ matrix-mock-request@^2.5.0:
     "@sentry/browser" "^7.0.0"
     "@testing-library/react-hooks" "^8.0.1"
     "@vector-im/compound-design-tokens" "^0.1.0"
-    "@vector-im/compound-web" "3.0.0"
+    "@vector-im/compound-web" "3.0.1"
     "@zxcvbn-ts/core" "^3.0.4"
     "@zxcvbn-ts/language-common" "^3.0.4"
     "@zxcvbn-ts/language-en" "^3.0.2"
@@ -8875,6 +8882,7 @@ matrix-mock-request@^2.5.0:
     highlight.js "^11.3.1"
     html-entities "^2.0.0"
     is-ip "^3.1.0"
+    js-xxhash "^3.0.1"
     jszip "^3.7.0"
     katex "^0.16.0"
     linkify-element "4.1.3"
@@ -8885,7 +8893,7 @@ matrix-mock-request@^2.5.0:
     maplibre-gl "^2.0.0"
     matrix-encrypt-attachment "^1.0.3"
     matrix-events-sdk "0.0.1"
-    matrix-js-sdk "github:matrix-org/matrix-js-sdk#develop"
+    matrix-js-sdk "31.3.0"
     matrix-widget-api "^1.5.0"
     memoize-one "^6.0.0"
     minimist "^1.2.5"