diff --git a/CHANGES.md b/CHANGES.md
index ca786b87..435cd73c 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,16 +1,22 @@
 # Experimental: This is a new format for release notes. The format and availability is subject to change.
 
+## 2021.2.4
+
+### Bug Fixes
+- [configuration] fixes a case where `cloudflared` failed to read URLs in configuration files
+- [logging] cloudflared now logs reason for failed connections if the error is recoverable
+
 ## 2021.2.3
  
 ### Backward Incompatible Changes
-[db-connect] Removes db-connect from `cloudflared`. The Cloudflare Workers product will continue to support db-connect implementations with versions of `cloudflared` that predate this release and include support for db-connect.
+- [db-connect] Removes db-connect from `cloudflared`. The Cloudflare Workers product will continue to support db-connect implementations with versions of `cloudflared` that predate this release and include support for db-connect.
  
 ### New Features
-[TCP connects] Introduces support for proxy configurations with websockets in arbitrary TCP connections (#318)
+- [TCP connects] Introduces support for proxy configurations with websockets in arbitrary TCP connections (#318)
  
 ### Improvements
-[command line interface] Nested commands (such as cloudflared tunnel run) now consider CLI arguments even if they appear earlier in the command. E.g. `cloudflared --config config.yaml tunnel run` will now behave similarly to `cloudflared tunnel --config config.yaml run`
+- [command line interface] Nested commands (such as cloudflared tunnel run) now consider CLI arguments even if they appear earlier in the command. E.g. `cloudflared --config config.yaml tunnel run` will now behave similarly to `cloudflared tunnel --config config.yaml run`
  
 ### Bug Fixes
-[dns-proxy] The maximum number of upstream connections is now limited by default which should fix reported issues of cloudflared exhausting CPU usage when faced with connectivity issues.
+- [dns-proxy] The maximum number of upstream connections is now limited by default which should fix reported issues of cloudflared exhausting CPU usage when faced with connectivity issues.