diff --git a/MODULE.bazel b/MODULE.bazel
index 9af51f3058..a88f19e4db 100644
--- a/MODULE.bazel
+++ b/MODULE.bazel
@@ -2,7 +2,7 @@
 
 module(
     name = "rules_rust",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
 ###############################################################################
diff --git a/crate_universe/extensions.bzl b/crate_universe/extensions.bzl
index d720f53db1..72401bbbdd 100644
--- a/crate_universe/extensions.bzl
+++ b/crate_universe/extensions.bzl
@@ -26,7 +26,7 @@ There are some examples of using crate_universe with bzlmod in the [example fold
 To use rules_rust in a project using bzlmod, add the following to your MODULE.bazel file:
 
 ```python
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 ```
 
 You find the latest version on the [release page](https://github.com/bazelbuild/rules_rust/releases).
@@ -243,7 +243,7 @@ module(
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
 
 # https://github.com/bazelbuild/rules_rust/releases
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 
 ###############################################################################
 # T O O L C H A I N S
diff --git a/docs/src/index.md b/docs/src/index.md
index ae560c367c..58eba22e93 100644
--- a/docs/src/index.md
+++ b/docs/src/index.md
@@ -20,7 +20,7 @@ Note that rules_rust bzlmod support is still a work in progress. Most features s
 To use `rules_rust` in a project using bzlmod, add the following to your `MODULE.bazel` file:
 
 ```python
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 ```
 
 Don't forget to substitute in your desired release's version number.
diff --git a/examples/all_deps_vendor/README.md b/examples/all_deps_vendor/README.md
index 748c2a08e1..619c9e644f 100644
--- a/examples/all_deps_vendor/README.md
+++ b/examples/all_deps_vendor/README.md
@@ -26,7 +26,7 @@ module(
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
 
 # https://github.com/bazelbuild/rules_rust/releases
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 
 ###############################################################################
 # T O O L C H A I N S
diff --git a/examples/cross_compile_llvm/README.md b/examples/cross_compile_llvm/README.md
index 1564f2b10a..ed3f7c58b7 100644
--- a/examples/cross_compile_llvm/README.md
+++ b/examples/cross_compile_llvm/README.md
@@ -40,7 +40,7 @@ You add the required rules for cross compilation to your MODULE.bazel as shown b
 ```Starlark
 # Get latest release from:
 # https://github.com/bazelbuild/rules_rust/releases
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 
 # https://github.com/bazelbuild/platforms/releases
 bazel_dep(name = "platforms", version = "1.0.0")
diff --git a/examples/ffi/README.md b/examples/ffi/README.md
index 41a3cd6959..5ff77b77ee 100644
--- a/examples/ffi/README.md
+++ b/examples/ffi/README.md
@@ -21,7 +21,7 @@ module(
 # B A Z E L  C E N T R A L  R E G I S T R Y # https://registry.bazel.build/
 ###############################################################################
 # https://github.com/bazelbuild/rules_rust/releases
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 
 ###############################################################################
 # T O O L C H A I N S
diff --git a/extensions/bindgen/MODULE.bazel b/extensions/bindgen/MODULE.bazel
index 8fe3feb741..6813a101b1 100644
--- a/extensions/bindgen/MODULE.bazel
+++ b/extensions/bindgen/MODULE.bazel
@@ -2,10 +2,10 @@
 
 module(
     name = "rules_rust_bindgen",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 bazel_dep(name = "bazel_features", version = "1.32.0")
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
 bazel_dep(name = "platforms", version = "1.0.0")
diff --git a/extensions/mdbook/MODULE.bazel b/extensions/mdbook/MODULE.bazel
index a4ed44fa28..db6319ba0e 100644
--- a/extensions/mdbook/MODULE.bazel
+++ b/extensions/mdbook/MODULE.bazel
@@ -2,10 +2,10 @@
 
 module(
     name = "rules_rust_mdbook",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 bazel_dep(name = "rules_cc", version = "0.2.4")
 bazel_dep(name = "bazel_features", version = "1.32.0")
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
diff --git a/extensions/prost/MODULE.bazel b/extensions/prost/MODULE.bazel
index b613ace343..f3d5053f44 100644
--- a/extensions/prost/MODULE.bazel
+++ b/extensions/prost/MODULE.bazel
@@ -2,10 +2,10 @@
 
 module(
     name = "rules_rust_prost",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 bazel_dep(name = "platforms", version = "1.0.0")
 bazel_dep(name = "bazel_features", version = "1.32.0")
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
diff --git a/extensions/pyo3/MODULE.bazel b/extensions/pyo3/MODULE.bazel
index 723fde4e49..8077bc800b 100644
--- a/extensions/pyo3/MODULE.bazel
+++ b/extensions/pyo3/MODULE.bazel
@@ -2,10 +2,10 @@
 
 module(
     name = "rules_rust_pyo3",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 bazel_dep(name = "rules_python", version = "1.6.3")
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
 bazel_dep(name = "platforms", version = "1.0.0")
diff --git a/extensions/wasm_bindgen/MODULE.bazel b/extensions/wasm_bindgen/MODULE.bazel
index b712d79ca6..6a376a20b8 100644
--- a/extensions/wasm_bindgen/MODULE.bazel
+++ b/extensions/wasm_bindgen/MODULE.bazel
@@ -2,10 +2,10 @@
 
 module(
     name = "rules_rust_wasm_bindgen",
-    version = "0.69.0",
+    version = "0.70.0",
 )
 
-bazel_dep(name = "rules_rust", version = "0.69.0")
+bazel_dep(name = "rules_rust", version = "0.70.0")
 bazel_dep(name = "bazel_features", version = "1.32.0")
 bazel_dep(name = "bazel_skylib", version = "1.8.2")
 bazel_dep(name = "platforms", version = "1.0.0")
diff --git a/util/release.sh b/util/release.sh
index 70f9b15409..3b40c7fa8f 100755
--- a/util/release.sh
+++ b/util/release.sh
@@ -3,7 +3,13 @@
 # Usage: util/release.sh [version]
 #
 # where version (optional) is the new version of rules_rust.
-set -xeuo pipefail
+set -euo pipefail
+
+if [ "$(uname)" == "Darwin" ]; then
+  SEDOPTS=(-i '' -e)
+else
+  SEDOPTS=(-i)
+fi
 
 # Normalize working directory to root of repository.
 cd "$(dirname "${BASH_SOURCE[0]}")"/..
@@ -28,7 +34,7 @@ function version_pattern() {
 grep -rl \
   --include='version.bzl' \
   "$(version_pattern $OLD)" \
-  | xargs sed -i "s/^$(version_pattern $OLD)$/$(version_pattern $NEW)/g"
+  | xargs sed ${SEDOPTS[@]} "s/^$(version_pattern $OLD)$/$(version_pattern $NEW)/g"
 
 # Update matching bazel_dep(name = "rules_rust", version = ...) declarations.
 function bazel_dep_pattern() {
@@ -39,7 +45,7 @@ function bazel_dep_pattern() {
 grep -rl \
   --include='MODULE.bazel' --include='*.bzl' --include='*.md' \
   "$(bazel_dep_pattern $OLD)" \
-  | xargs sed -i "s/^$(bazel_dep_pattern $OLD)$/$(bazel_dep_pattern $NEW)/"
+  | xargs sed ${SEDOPTS[@]} "s/^$(bazel_dep_pattern $OLD)$/$(bazel_dep_pattern $NEW)/"
 
 # Update module() declarations:
 # module(
diff --git a/version.bzl b/version.bzl
index d255382339..cdf973da33 100644
--- a/version.bzl
+++ b/version.bzl
@@ -1,3 +1,3 @@
 """The version of rules_rust."""
 
-VERSION = "0.69.0"
+VERSION = "0.70.0"