diff --git a/Gemfile.lock b/Gemfile.lock
index 2b013d0b137..0db105236f4 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -3,12 +3,12 @@ GEM
   specs:
     CFPropertyList (3.0.6)
       rexml
-    activesupport (7.0.4.2)
+    activesupport (7.0.4.3)
       concurrent-ruby (~> 1.0, >= 1.0.2)
       i18n (>= 1.6, < 2)
       minitest (>= 5.1)
       tzinfo (~> 2.0)
-    addressable (2.8.1)
+    addressable (2.8.2)
       public_suffix (>= 2.0.2, < 6.0)
     algoliasearch (1.27.5)
       httpclient (~> 2.8, >= 2.8.3)
@@ -89,10 +89,10 @@ PLATFORMS
   ruby
 
 DEPENDENCIES
-  cocoapods (~> 1.12)
+  cocoapods (>= 1.11.3)
 
 RUBY VERSION
-   ruby 2.7.6p219
+   ruby 2.7.5p203
 
 BUNDLED WITH
-   2.1.4
+   2.3.11
diff --git a/Libraries/Core/ReactNativeVersion.js b/Libraries/Core/ReactNativeVersion.js
index 17e317fadec..2f85e6150b8 100644
--- a/Libraries/Core/ReactNativeVersion.js
+++ b/Libraries/Core/ReactNativeVersion.js
@@ -12,6 +12,6 @@
 exports.version = {
   major: 0,
   minor: 70,
-  patch: 7,
+  patch: 8,
   prerelease: null,
 };
diff --git a/React/Base/RCTVersion.m b/React/Base/RCTVersion.m
index 0f73e102a1a..040ddc5ce4c 100644
--- a/React/Base/RCTVersion.m
+++ b/React/Base/RCTVersion.m
@@ -23,7 +23,7 @@ NSDictionary* RCTGetReactNativeVersion(void)
     __rnVersion = @{
                   RCTVersionMajor: @(0),
                   RCTVersionMinor: @(70),
-                  RCTVersionPatch: @(7),
+                  RCTVersionPatch: @(8),
                   RCTVersionPrerelease: [NSNull null],
                   };
   });
diff --git a/ReactAndroid/gradle.properties b/ReactAndroid/gradle.properties
index c1273515593..5e5bab19dcf 100644
--- a/ReactAndroid/gradle.properties
+++ b/ReactAndroid/gradle.properties
@@ -1,4 +1,4 @@
-VERSION_NAME=0.70.7
+VERSION_NAME=0.70.8
 GROUP=com.facebook.react
 
 POM_NAME=ReactNative
diff --git a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
index f068477a88f..6cb9a20f968 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
+++ b/ReactAndroid/src/main/java/com/facebook/react/modules/systeminfo/ReactNativeVersion.java
@@ -17,6 +17,6 @@ public class ReactNativeVersion {
   public static final Map<String, Object> VERSION = MapBuilder.<String, Object>of(
       "major", 0,
       "minor", 70,
-      "patch", 7,
+      "patch", 8,
       "prerelease", null);
 }
diff --git a/ReactCommon/cxxreact/ReactNativeVersion.h b/ReactCommon/cxxreact/ReactNativeVersion.h
index c67e426933e..3aaa7611f7d 100644
--- a/ReactCommon/cxxreact/ReactNativeVersion.h
+++ b/ReactCommon/cxxreact/ReactNativeVersion.h
@@ -17,7 +17,7 @@ namespace facebook::react {
 constexpr struct {
   int32_t Major = 0;
   int32_t Minor = 70;
-  int32_t Patch = 7;
+  int32_t Patch = 8;
   std::string_view Prerelease = "";
 } ReactNativeVersion;
 
diff --git a/package.json b/package.json
index 090b1bdae48..c0e95c9acfb 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native",
-  "version": "0.70.7",
+  "version": "0.70.8",
   "bin": "./cli.js",
   "description": "A framework for building native apps using React",
   "license": "MIT",
diff --git a/template/package.json b/template/package.json
index c0cd54a960d..4793d529e04 100644
--- a/template/package.json
+++ b/template/package.json
@@ -11,7 +11,7 @@
   },
   "dependencies": {
     "react": "18.1.0",
-    "react-native": "0.70.7"
+    "react-native": "0.70.8"
   },
   "devDependencies": {
     "@babel/core": "^7.12.9",