diff --git a/.github/workflows/ci.generate.ts b/.github/workflows/ci.generate.ts
index e1729b34be..37a473cab7 100755
--- a/.github/workflows/ci.generate.ts
+++ b/.github/workflows/ci.generate.ts
@@ -5,7 +5,7 @@ import * as yaml from "https://deno.land/std@0.173.0/encoding/yaml.ts";
 // Bump this number when you want to purge the cache.
 // Note: the tools/release/01_bump_crate_versions.ts script will update this version
 // automatically via regex, so ensure that this line maintains this format.
-const cacheVersion = 61;
+const cacheVersion = 62;
 
 const ubuntuRunner = "ubuntu-22.04";
 const ubuntuXlRunner = "ubuntu-22.04-xl";
diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 756a3ff94b..88e194b0cc 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -329,8 +329,8 @@ jobs:
           path: |-
             ~/.cargo/registry/index
             ~/.cargo/registry/cache
-          key: '61-cargo-home-${{ matrix.os }}-${{ hashFiles(''Cargo.lock'') }}'
-          restore-keys: '61-cargo-home-${{ matrix.os }}'
+          key: '62-cargo-home-${{ matrix.os }}-${{ hashFiles(''Cargo.lock'') }}'
+          restore-keys: '62-cargo-home-${{ matrix.os }}'
         if: '!(matrix.skip)'
       - name: Restore cache build output (PR)
         uses: actions/cache/restore@v3
@@ -342,7 +342,7 @@ jobs:
             !./target/*/*.zip
             !./target/*/*.tar.gz
           key: never_saved
-          restore-keys: '61-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-'
+          restore-keys: '62-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-'
       - name: Apply and update mtime cache
         if: '!(matrix.skip) && (!startsWith(github.ref, ''refs/tags/''))'
         uses: ./.github/mtime_cache
@@ -639,7 +639,7 @@ jobs:
             !./target/*/gn_out
             !./target/*/*.zip
             !./target/*/*.tar.gz
-          key: '61-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-${{ github.sha }}'
+          key: '62-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-${{ github.sha }}'
   publish-canary:
     name: publish canary
     runs-on: ubuntu-22.04
diff --git a/Cargo.lock b/Cargo.lock
index 9229109251..1e119086dc 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -851,7 +851,7 @@ dependencies = [
 
 [[package]]
 name = "deno"
-version = "1.38.4"
+version = "1.38.5"
 dependencies = [
  "async-trait",
  "base32",
@@ -992,7 +992,7 @@ dependencies = [
 
 [[package]]
 name = "deno_bench_util"
-version = "0.120.0"
+version = "0.121.0"
 dependencies = [
  "bencher",
  "deno_core",
@@ -1002,7 +1002,7 @@ dependencies = [
 
 [[package]]
 name = "deno_broadcast_channel"
-version = "0.120.0"
+version = "0.121.0"
 dependencies = [
  "async-trait",
  "deno_core",
@@ -1012,7 +1012,7 @@ dependencies = [
 
 [[package]]
 name = "deno_cache"
-version = "0.58.0"
+version = "0.59.0"
 dependencies = [
  "async-trait",
  "deno_core",
@@ -1059,7 +1059,7 @@ dependencies = [
 
 [[package]]
 name = "deno_console"
-version = "0.126.0"
+version = "0.127.0"
 dependencies = [
  "deno_core",
 ]
@@ -1091,7 +1091,7 @@ dependencies = [
 
 [[package]]
 name = "deno_cron"
-version = "0.6.0"
+version = "0.7.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -1104,7 +1104,7 @@ dependencies = [
 
 [[package]]
 name = "deno_crypto"
-version = "0.140.0"
+version = "0.141.0"
 dependencies = [
  "aes",
  "aes-gcm",
@@ -1177,7 +1177,7 @@ dependencies = [
 
 [[package]]
 name = "deno_fetch"
-version = "0.150.0"
+version = "0.151.0"
 dependencies = [
  "bytes",
  "data-url",
@@ -1193,7 +1193,7 @@ dependencies = [
 
 [[package]]
 name = "deno_ffi"
-version = "0.113.0"
+version = "0.114.0"
 dependencies = [
  "deno_core",
  "dlopen2",
@@ -1209,7 +1209,7 @@ dependencies = [
 
 [[package]]
 name = "deno_fs"
-version = "0.36.0"
+version = "0.37.0"
 dependencies = [
  "async-trait",
  "deno_core",
@@ -1251,7 +1251,7 @@ dependencies = [
 
 [[package]]
 name = "deno_http"
-version = "0.123.0"
+version = "0.124.0"
 dependencies = [
  "async-compression",
  "async-trait",
@@ -1288,7 +1288,7 @@ dependencies = [
 
 [[package]]
 name = "deno_io"
-version = "0.36.0"
+version = "0.37.0"
 dependencies = [
  "async-trait",
  "deno_core",
@@ -1301,7 +1301,7 @@ dependencies = [
 
 [[package]]
 name = "deno_kv"
-version = "0.34.0"
+version = "0.35.0"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -1373,7 +1373,7 @@ dependencies = [
 
 [[package]]
 name = "deno_napi"
-version = "0.56.0"
+version = "0.57.0"
 dependencies = [
  "deno_core",
  "libloading",
@@ -1394,7 +1394,7 @@ dependencies = [
 
 [[package]]
 name = "deno_net"
-version = "0.118.0"
+version = "0.119.0"
 dependencies = [
  "deno_core",
  "deno_tls",
@@ -1411,7 +1411,7 @@ dependencies = [
 
 [[package]]
 name = "deno_node"
-version = "0.63.0"
+version = "0.64.0"
 dependencies = [
  "aead-gcm-stream",
  "aes",
@@ -1506,7 +1506,7 @@ dependencies = [
 
 [[package]]
 name = "deno_runtime"
-version = "0.134.0"
+version = "0.135.0"
 dependencies = [
  "console_static_text",
  "deno_ast",
@@ -1592,7 +1592,7 @@ dependencies = [
 
 [[package]]
 name = "deno_tls"
-version = "0.113.0"
+version = "0.114.0"
 dependencies = [
  "deno_core",
  "deno_native_certs",
@@ -1624,7 +1624,7 @@ dependencies = [
 
 [[package]]
 name = "deno_url"
-version = "0.126.0"
+version = "0.127.0"
 dependencies = [
  "deno_bench_util",
  "deno_console",
@@ -1636,7 +1636,7 @@ dependencies = [
 
 [[package]]
 name = "deno_web"
-version = "0.157.0"
+version = "0.158.0"
 dependencies = [
  "async-trait",
  "base64-simd",
@@ -1657,7 +1657,7 @@ dependencies = [
 
 [[package]]
 name = "deno_webidl"
-version = "0.126.0"
+version = "0.127.0"
 dependencies = [
  "deno_bench_util",
  "deno_core",
@@ -1665,7 +1665,7 @@ dependencies = [
 
 [[package]]
 name = "deno_websocket"
-version = "0.131.0"
+version = "0.132.0"
 dependencies = [
  "bytes",
  "deno_core",
@@ -1683,7 +1683,7 @@ dependencies = [
 
 [[package]]
 name = "deno_webstorage"
-version = "0.121.0"
+version = "0.122.0"
 dependencies = [
  "deno_core",
  "deno_web",
@@ -3317,7 +3317,7 @@ dependencies = [
 
 [[package]]
 name = "napi_sym"
-version = "0.56.0"
+version = "0.57.0"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/Cargo.toml b/Cargo.toml
index d4e9c18334..95f13ba2ec 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -42,9 +42,9 @@ repository = "https://github.com/denoland/deno"
 deno_ast = { version = "0.31.6", features = ["transpiling"] }
 deno_core = { version = "0.232.0" }
 
-deno_runtime = { version = "0.134.0", path = "./runtime" }
-napi_sym = { version = "0.56.0", path = "./cli/napi/sym" }
-deno_bench_util = { version = "0.120.0", path = "./bench_util" }
+deno_runtime = { version = "0.135.0", path = "./runtime" }
+napi_sym = { version = "0.57.0", path = "./cli/napi/sym" }
+deno_bench_util = { version = "0.121.0", path = "./bench_util" }
 test_util = { path = "./test_util" }
 deno_lockfile = "0.17.2"
 deno_media_type = { version = "0.1.1", features = ["module_specifier"] }
@@ -55,26 +55,26 @@ denokv_sqlite = { default-features = false, version = "0.5.0" }
 denokv_remote = "0.5.0"
 
 # exts
-deno_broadcast_channel = { version = "0.120.0", path = "./ext/broadcast_channel" }
-deno_cache = { version = "0.58.0", path = "./ext/cache" }
-deno_console = { version = "0.126.0", path = "./ext/console" }
-deno_cron = { version = "0.6.0", path = "./ext/cron" }
-deno_crypto = { version = "0.140.0", path = "./ext/crypto" }
-deno_fetch = { version = "0.150.0", path = "./ext/fetch" }
-deno_ffi = { version = "0.113.0", path = "./ext/ffi" }
-deno_fs = { version = "0.36.0", path = "./ext/fs" }
-deno_http = { version = "0.123.0", path = "./ext/http" }
-deno_io = { version = "0.36.0", path = "./ext/io" }
-deno_net = { version = "0.118.0", path = "./ext/net" }
-deno_node = { version = "0.63.0", path = "./ext/node" }
-deno_kv = { version = "0.34.0", path = "./ext/kv" }
-deno_tls = { version = "0.113.0", path = "./ext/tls" }
-deno_url = { version = "0.126.0", path = "./ext/url" }
-deno_web = { version = "0.157.0", path = "./ext/web" }
-deno_webidl = { version = "0.126.0", path = "./ext/webidl" }
-deno_websocket = { version = "0.131.0", path = "./ext/websocket" }
-deno_webstorage = { version = "0.121.0", path = "./ext/webstorage" }
-deno_napi = { version = "0.56.0", path = "./ext/napi" }
+deno_broadcast_channel = { version = "0.121.0", path = "./ext/broadcast_channel" }
+deno_cache = { version = "0.59.0", path = "./ext/cache" }
+deno_console = { version = "0.127.0", path = "./ext/console" }
+deno_cron = { version = "0.7.0", path = "./ext/cron" }
+deno_crypto = { version = "0.141.0", path = "./ext/crypto" }
+deno_fetch = { version = "0.151.0", path = "./ext/fetch" }
+deno_ffi = { version = "0.114.0", path = "./ext/ffi" }
+deno_fs = { version = "0.37.0", path = "./ext/fs" }
+deno_http = { version = "0.124.0", path = "./ext/http" }
+deno_io = { version = "0.37.0", path = "./ext/io" }
+deno_net = { version = "0.119.0", path = "./ext/net" }
+deno_node = { version = "0.64.0", path = "./ext/node" }
+deno_kv = { version = "0.35.0", path = "./ext/kv" }
+deno_tls = { version = "0.114.0", path = "./ext/tls" }
+deno_url = { version = "0.127.0", path = "./ext/url" }
+deno_web = { version = "0.158.0", path = "./ext/web" }
+deno_webidl = { version = "0.127.0", path = "./ext/webidl" }
+deno_websocket = { version = "0.132.0", path = "./ext/websocket" }
+deno_webstorage = { version = "0.122.0", path = "./ext/webstorage" }
+deno_napi = { version = "0.57.0", path = "./ext/napi" }
 
 aes = "=0.8.3"
 anyhow = "1.0.57"
diff --git a/Releases.md b/Releases.md
index 4dfccaadce..9aa1425525 100644
--- a/Releases.md
+++ b/Releases.md
@@ -6,6 +6,14 @@ https://github.com/denoland/deno/releases
 We also have one-line install commands at:
 https://github.com/denoland/deno_install
 
+### 1.38.5 / 2023.12.05
+
+- feat(unstable): kv.watch() (#21147)
+- perf(lsp): better op performance logging (#21423)
+- perf(lsp): check tsc request cancellation before execution (#21447)
+- perf(lsp): fix redundant clones for ts responses (#21445)
+- perf(lsp): fix redundant serialization of sources (#21435)
+
 ### 1.38.4 / 2023.11.30
 
 - fix(node): `spawnSync`'s `status` was incorrect (#21359)
diff --git a/bench_util/Cargo.toml b/bench_util/Cargo.toml
index 169a508ac9..2535e67886 100644
--- a/bench_util/Cargo.toml
+++ b/bench_util/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_bench_util"
-version = "0.120.0"
+version = "0.121.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/cli/Cargo.toml b/cli/Cargo.toml
index 3c0f0327e4..55a367a3d2 100644
--- a/cli/Cargo.toml
+++ b/cli/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno"
-version = "1.38.4"
+version = "1.38.5"
 authors.workspace = true
 default-run = "deno"
 edition.workspace = true
diff --git a/cli/napi/sym/Cargo.toml b/cli/napi/sym/Cargo.toml
index 9966a24eb5..7ab2056624 100644
--- a/cli/napi/sym/Cargo.toml
+++ b/cli/napi/sym/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "napi_sym"
-version = "0.56.0"
+version = "0.57.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/cli/tests/unit/kv_queue_undelivered_test.ts b/cli/tests/unit/kv_queue_undelivered_test.ts
index c2c02905c9..2b1a2b0aa1 100644
--- a/cli/tests/unit/kv_queue_undelivered_test.ts
+++ b/cli/tests/unit/kv_queue_undelivered_test.ts
@@ -3,18 +3,20 @@ import { assertEquals } from "./test_util.ts";
 
 const sleep = (time: number) => new Promise((r) => setTimeout(r, time));
 
-let isCI: boolean;
-try {
-  isCI = Deno.env.get("CI") !== undefined;
-} catch {
-  isCI = true;
-}
+// TODO(igorzi): https://github.com/denoland/deno/issues/21437
+// let isCI: boolean;
+// try {
+//   isCI = Deno.env.get("CI") !== undefined;
+// } catch {
+//   isCI = true;
+// }
 
 function queueTest(name: string, fn: (db: Deno.Kv) => Promise<void>) {
-  Deno.test({
+  // TODO(igorzi): https://github.com/denoland/deno/issues/21437
+  Deno.test.ignore({
     name,
     // https://github.com/denoland/deno/issues/18363
-    ignore: Deno.build.os === "darwin" && isCI,
+    // ignore: Deno.build.os === "darwin" && isCI,
     async fn() {
       const db: Deno.Kv = await Deno.openKv(
         ":memory:",
diff --git a/ext/broadcast_channel/Cargo.toml b/ext/broadcast_channel/Cargo.toml
index 0413de0438..89a0eeb037 100644
--- a/ext/broadcast_channel/Cargo.toml
+++ b/ext/broadcast_channel/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_broadcast_channel"
-version = "0.120.0"
+version = "0.121.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/cache/Cargo.toml b/ext/cache/Cargo.toml
index 1fad0f0845..1beb1235c7 100644
--- a/ext/cache/Cargo.toml
+++ b/ext/cache/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_cache"
-version = "0.58.0"
+version = "0.59.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/console/Cargo.toml b/ext/console/Cargo.toml
index 90a61af24f..bef4308aa7 100644
--- a/ext/console/Cargo.toml
+++ b/ext/console/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_console"
-version = "0.126.0"
+version = "0.127.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/cron/Cargo.toml b/ext/cron/Cargo.toml
index 50ddcf4d6c..c528c4804a 100644
--- a/ext/cron/Cargo.toml
+++ b/ext/cron/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_cron"
-version = "0.6.0"
+version = "0.7.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/crypto/Cargo.toml b/ext/crypto/Cargo.toml
index 61e4bd2453..301f4cf9b1 100644
--- a/ext/crypto/Cargo.toml
+++ b/ext/crypto/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_crypto"
-version = "0.140.0"
+version = "0.141.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/fetch/Cargo.toml b/ext/fetch/Cargo.toml
index 901e9ce5f6..6726b09a8b 100644
--- a/ext/fetch/Cargo.toml
+++ b/ext/fetch/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_fetch"
-version = "0.150.0"
+version = "0.151.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/ffi/Cargo.toml b/ext/ffi/Cargo.toml
index 385ac29f76..858e03df26 100644
--- a/ext/ffi/Cargo.toml
+++ b/ext/ffi/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_ffi"
-version = "0.113.0"
+version = "0.114.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/fs/Cargo.toml b/ext/fs/Cargo.toml
index f260df28d0..db64f8ce7f 100644
--- a/ext/fs/Cargo.toml
+++ b/ext/fs/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_fs"
-version = "0.36.0"
+version = "0.37.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/http/Cargo.toml b/ext/http/Cargo.toml
index 67bcc34d96..2b873b0509 100644
--- a/ext/http/Cargo.toml
+++ b/ext/http/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_http"
-version = "0.123.0"
+version = "0.124.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/io/Cargo.toml b/ext/io/Cargo.toml
index a6c40d3a5d..e6bae79d5e 100644
--- a/ext/io/Cargo.toml
+++ b/ext/io/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_io"
-version = "0.36.0"
+version = "0.37.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/kv/Cargo.toml b/ext/kv/Cargo.toml
index 6a6b00885a..c100b3e0fb 100644
--- a/ext/kv/Cargo.toml
+++ b/ext/kv/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_kv"
-version = "0.34.0"
+version = "0.35.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/napi/Cargo.toml b/ext/napi/Cargo.toml
index 6445c7878e..7c3f7b0c9e 100644
--- a/ext/napi/Cargo.toml
+++ b/ext/napi/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_napi"
-version = "0.56.0"
+version = "0.57.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/net/Cargo.toml b/ext/net/Cargo.toml
index ee3fd595aa..9f54ab48c8 100644
--- a/ext/net/Cargo.toml
+++ b/ext/net/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_net"
-version = "0.118.0"
+version = "0.119.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/node/Cargo.toml b/ext/node/Cargo.toml
index 11bbfef2d4..1393c82c09 100644
--- a/ext/node/Cargo.toml
+++ b/ext/node/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_node"
-version = "0.63.0"
+version = "0.64.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/tls/Cargo.toml b/ext/tls/Cargo.toml
index 34cbbe9973..508da6899d 100644
--- a/ext/tls/Cargo.toml
+++ b/ext/tls/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_tls"
-version = "0.113.0"
+version = "0.114.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/url/Cargo.toml b/ext/url/Cargo.toml
index 5938c427a4..8db94fe3d0 100644
--- a/ext/url/Cargo.toml
+++ b/ext/url/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_url"
-version = "0.126.0"
+version = "0.127.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/web/Cargo.toml b/ext/web/Cargo.toml
index 21c813659b..3c0d4455e3 100644
--- a/ext/web/Cargo.toml
+++ b/ext/web/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_web"
-version = "0.157.0"
+version = "0.158.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/webidl/Cargo.toml b/ext/webidl/Cargo.toml
index 31cc7c8890..72fe0a23eb 100644
--- a/ext/webidl/Cargo.toml
+++ b/ext/webidl/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_webidl"
-version = "0.126.0"
+version = "0.127.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/websocket/Cargo.toml b/ext/websocket/Cargo.toml
index feb9965348..13d269568d 100644
--- a/ext/websocket/Cargo.toml
+++ b/ext/websocket/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_websocket"
-version = "0.131.0"
+version = "0.132.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/ext/webstorage/Cargo.toml b/ext/webstorage/Cargo.toml
index 0e8b5a075e..fa0015f95e 100644
--- a/ext/webstorage/Cargo.toml
+++ b/ext/webstorage/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_webstorage"
-version = "0.121.0"
+version = "0.122.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/runtime/Cargo.toml b/runtime/Cargo.toml
index 8eda969333..b8c012f63b 100644
--- a/runtime/Cargo.toml
+++ b/runtime/Cargo.toml
@@ -2,7 +2,7 @@
 
 [package]
 name = "deno_runtime"
-version = "0.134.0"
+version = "0.135.0"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true