diff --git a/log/CHANGELOG.md b/log/CHANGELOG.md
index 439523bdba5f..9942c4e96473 100644
--- a/log/CHANGELOG.md
+++ b/log/CHANGELOG.md
@@ -11,35 +11,22 @@ Mention whether you follow Semantic Versioning.
 
 Usage:
 
-Change log entries are to be added to the Unreleased section under the
-appropriate stanza (see below). Each entry should ideally include a tag and
-the Github issue reference in the following format:
+Change log entries are to be added to the Unreleased section from newest to oldest.
+Each entry must include the Github issue reference in the following format:
 
-* (<tag>) [#<issue-number>] Changelog message.
+* [#<issue-number>] Changelog message.
 
-Types of changes (Stanzas):
-
-"Features" for new features.
-"Improvements" for changes in existing functionality.
-"Deprecated" for soon-to-be removed features.
-"Bug Fixes" for any bug fixes.
-"API Breaking" for breaking exported APIs used by developers building on SDK.
-Ref: https://keepachangelog.com/en/1.0.0/
 -->
 
 # Changelog
 
 ## [Unreleased]
 
-* [#15956](https://github.com/cosmos/cosmos-sdk/pull/15956) Introduce an option for enabling error stack trace.
-
-### Improvements
-
-* [#17194](https://github.com/cosmos/cosmos-sdk/pull/17194) Avoid repeating parse log level in filterFunc.
-
-### Bug Fixes
+## [v1.2.0](https://github.com/cosmos/cosmos-sdk/releases/tag/log/v1.2.0) - 2023-07-31
 
+* [#17194](https://github.com/cosmos/cosmos-sdk/pull/17194) Avoid repeating parse log level in `ParseLogLevel`.
 * [#17205](https://github.com/cosmos/cosmos-sdk/pull/17205) Fix types that do not implement the `json.Marshaler` interface.
+* [#15956](https://github.com/cosmos/cosmos-sdk/pull/15956) Introduce an option for enabling error stack trace.
 
 ## [v1.1.0](https://github.com/cosmos/cosmos-sdk/releases/tag/log/v1.1.0) - 2023-04-27
 
diff --git a/log/go.mod b/log/go.mod
index d95055b2b493..58b6d0a39b42 100644
--- a/log/go.mod
+++ b/log/go.mod
@@ -4,7 +4,7 @@ go 1.20
 
 require (
 	github.com/pkg/errors v0.9.1
-	github.com/rs/zerolog v1.29.1
+	github.com/rs/zerolog v1.30.0
 	gotest.tools/v3 v3.5.0
 )
 
diff --git a/log/go.sum b/log/go.sum
index 4676af0b692f..4b654436aa69 100644
--- a/log/go.sum
+++ b/log/go.sum
@@ -11,9 +11,9 @@ github.com/mattn/go-isatty v0.0.19 h1:JITubQf0MOLdlGRuRq+jtsDlekdYPia9ZFsB8h/APP
 github.com/mattn/go-isatty v0.0.19/go.mod h1:W+V8PltTTMOvKvAeJH7IuucS94S2C6jfK/D7dTCTo3Y=
 github.com/pkg/errors v0.9.1 h1:FEBLx1zS214owpjy7qsBeixbURkuhQAwrK5UwLGTwt4=
 github.com/pkg/errors v0.9.1/go.mod h1:bwawxfHBFNV+L2hUp1rHADufV3IMtnDRdf1r5NINEl0=
-github.com/rs/xid v1.4.0/go.mod h1:trrq9SKmegXys3aeAKXMUTdJsYXVwGY3RLcfgqegfbg=
-github.com/rs/zerolog v1.29.1 h1:cO+d60CHkknCbvzEWxP0S9K6KqyTjrCNUy1LdQLCGPc=
-github.com/rs/zerolog v1.29.1/go.mod h1:Le6ESbR7hc+DP6Lt1THiV8CQSdkkNrd3R0XbEgp3ZBU=
+github.com/rs/xid v1.5.0/go.mod h1:trrq9SKmegXys3aeAKXMUTdJsYXVwGY3RLcfgqegfbg=
+github.com/rs/zerolog v1.30.0 h1:SymVODrcRsaRaSInD9yQtKbtWqwsfoPcRff/oRXLj4c=
+github.com/rs/zerolog v1.30.0/go.mod h1:/tk+P47gFdPXq4QYjvCmT5/Gsug2nagsFWBWhAiSi1w=
 golang.org/x/sys v0.0.0-20210630005230-0f9fa26af87c/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
 golang.org/x/sys v0.0.0-20210927094055-39ccf1dd6fa6/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=
 golang.org/x/sys v0.0.0-20220811171246-fbc7d0a398ab/go.mod h1:oPkhp1MJrh7nUepCBck5+mAzfO9JrbApNNgaTdGDITg=