diff --git a/CHANGELOG.md b/CHANGELOG.md
index 84555f11f9d..59e22714749 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -79,17 +79,27 @@ to now accept a `codec.JSONMarshaler` for modular serialization of genesis state
 * (crypto) [\#5880](https://github.com/cosmos/cosmos-sdk/pull/5880) Merge `crypto/keys/mintkey` into `crypto`.
 * (crypto/hd) [\#5904](https://github.com/cosmos/cosmos-sdk/pull/5904) `crypto/keys/hd` moved to `crypto/hd`.
 * (crypto/keyring):
-  - [\#5866](https://github.com/cosmos/cosmos-sdk/pull/5866) Rename `crypto/keys/` to `crypto/keyring/`.
-  - [\#5904](https://github.com/cosmos/cosmos-sdk/pull/5904) `Keybase` -> `Keyring` interfaces migration. `LegacyKeybase` interface is added in order
+  * [\#5866](https://github.com/cosmos/cosmos-sdk/pull/5866) Rename `crypto/keys/` to `crypto/keyring/`.
+  * [\#5904](https://github.com/cosmos/cosmos-sdk/pull/5904) `Keybase` -> `Keyring` interfaces migration. `LegacyKeybase` interface is added in order
 to guarantee limited backward compatibility with the old Keybase interface for the sole purpose of migrating keys across the new keyring backends. `NewLegacy`
 constructor is provided [\#5889](https://github.com/cosmos/cosmos-sdk/pull/5889) to allow for smooth migration of keys from the legacy LevelDB based implementation
 to new keyring backends. Plus, the package and the new keyring no longer depends on the sdk.Config singleton. Please consult the package documentation for more
 information on how to implement the new `Keyring` interface.
-  - [\#5858](https://github.com/cosmos/cosmos-sdk/pull/5858) Make Keyring store keys by name and address's hexbytes representation.
+  * [\#5858](https://github.com/cosmos/cosmos-sdk/pull/5858) Make Keyring store keys by name and address's hexbytes representation.
 
 ### Features
 
 * (x/ibc) [\#5588](https://github.com/cosmos/cosmos-sdk/pull/5588) Add [ICS 024 - Host State Machine Requirements](https://github.com/cosmos/ics/tree/master/spec/ics-024-host-requirements) subpackage to `x/ibc` module.
+* (x/ibc) [\#5277](https://github.com/cosmos/cosmos-sdk/pull/5277) `x/ibc` changes from IBC alpha. For more details check the the  [`x/ibc/spec`](https://github.com/cosmos/tree/master/x/ibc/spec) directory:
+  * [ICS 002 - Client Semantics](https://github.com/cosmos/ics/tree/master/spec/ics-002-client-semantics) subpackage
+  * [ICS 003 - Connection Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-003-connection-semantics) subpackage
+  * [ICS 004 - Channel and Packet Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-004-channel-and-packet-semantics) subpackage
+  * [ICS 005 - Port Allocation](https://github.com/cosmos/ics/blob/master/spec/ics-005-port-allocation) subpackage
+  * [ICS 007 - Tendermint Client](https://github.com/cosmos/ics/blob/master/spec/ics-007-tendermint-client) subpackage
+  * [ICS 020 - Fungible Token Transfer](https://github.com/cosmos/ics/tree/master/spec/ics-020-fungible-token-transfer) module
+  * [ICS 023 - Vector Commitments](https://github.com/cosmos/ics/tree/master/spec/ics-023-vector-commitments) subpackage
+  * (ibc/ante) Implement IBC `AnteHandler` as per [ADR 15 - IBC Packet Receiver](https://github.com/cosmos/tree/master/docs/architecture/adr-015-ibc-packet-receiver.md).
+* (x/capability) [\#5828](https://github.com/cosmos/cosmos-sdk/pull/5828) Capability module integration as outlined in [ADR 3 - Dynamic Capability Store](https://github.com/cosmos/tree/master/docs/architecture/adr-003-dynamic-capability-store.md).
 
 ### Bug Fixes
 
diff --git a/x/ibc/spec/README.md b/x/ibc/spec/README.md
index 9023949b829..ddaec62fab3 100644
--- a/x/ibc/spec/README.md
+++ b/x/ibc/spec/README.md
@@ -36,34 +36,37 @@ transaction routing through `Handlers`.
 The following list is a mapping from each Interchain Standard to their implementation
 in the SDK's `x/ibc` module:
 
-- [ICS 002 - Client Semantics](https://github.com/cosmos/ics/tree/master/spec/ics-002-client-semantics): Implemented in [`x/ibc/02-client`](https://github.com/cosmos/x/ibc/02-client)
-- [ICS 003 - Connection Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-003-connection-semantics): Implemented in [`x/ibc/03-connection`](https://github.com/cosmos/x/ibc/03-connection)
-- [ICS 004 - Channel and Packet Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-004-channel-and-packet-semantics): Implemented in [`x/ibc/04-channel`](https://github.com/cosmos/x/ibc/04-channel)
-- [ICS 005 - Port Allocation](https://github.com/cosmos/ics/blob/master/spec/ics-005-port-allocation): Implemented in [`x/ibc/05-port`](https://github.com/cosmos/x/ibc/05-port)
-- [ICS 006 - Solo Machine Client](https://github.com/cosmos/ics/blob/master/spec/ics-006-solo-machine-client):  To be implemented in [`x/ibc/06-solo`](https://github.com/cosmos/x/ibc/06-solo)
-- [ICS 007 - Tendermint Client](https://github.com/cosmos/ics/blob/master/spec/ics-007-tendermint-client): Implemented in [`x/ibc/07-tendermint`](https://github.com/cosmos/x/ibc/07-tendermint)
-- [ICS 009 - Loopback Client](https://github.com/cosmos/ics/blob/master/spec/ics-009-loopback-client):  To be implemented in [`x/ibc/09-loopback`](https://github.com/cosmos/x/ibc/09-loopback)
-- [ICS 018- Relayer Algorithms](https://github.com/cosmos/ics/tree/master/spec/ics-018-relayer-algorithms): Implemented in it's own [relayer repository](https://github.com/cosmos/relayer)
-- [ICS 020 - Fungible Token Transfer](https://github.com/cosmos/ics/tree/master/spec/ics-020-fungible-token-transfer): Implemented in [`x/ibc/20-transfer`](https://github.com/cosmos/x/ibc/20-transfer)
-- [ICS 023 - Vector Commitments](https://github.com/cosmos/ics/tree/master/spec/ics-023-vector-commitments): Implemented in [`x/ibc/23-commitment`](https://github.com/cosmos/x/ibc/23-commitment)
-- [ICS 024 - Host Requirements](https://github.com/cosmos/ics/tree/master/spec/ics-024-host-requirements): Implemented in [`x/ibc/24-host`](https://github.com/cosmos/x/ibc/24-host)
-- [ICS 025 - Handler Interface](https://github.com/cosmos/ics/tree/master/spec/ics-025-handler-interface): Handler interfaces are implemented at the top level in `x/ibc/handler.go`,
+* [ICS 002 - Client Semantics](https://github.com/cosmos/ics/tree/master/spec/ics-002-client-semantics): Implemented in [`x/ibc/02-client`](https://github.com/cosmos/x/ibc/02-client)
+* [ICS 003 - Connection Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-003-connection-semantics): Implemented in [`x/ibc/03-connection`](https://github.com/cosmos/x/ibc/03-connection)
+* [ICS 004 - Channel and Packet Semantics](https://github.com/cosmos/ics/blob/master/spec/ics-004-channel-and-packet-semantics): Implemented in [`x/ibc/04-channel`](https://github.com/cosmos/x/ibc/04-channel)
+* [ICS 005 - Port Allocation](https://github.com/cosmos/ics/blob/master/spec/ics-005-port-allocation): Implemented in [`x/ibc/05-port`](https://github.com/cosmos/x/ibc/05-port)
+* [ICS 006 - Solo Machine Client](https://github.com/cosmos/ics/blob/master/spec/ics-006-solo-machine-client):  To be implemented in [`x/ibc/06-solo`](https://github.com/cosmos/x/ibc/06-solo)
+* [ICS 007 - Tendermint Client](https://github.com/cosmos/ics/blob/master/spec/ics-007-tendermint-client): Implemented in [`x/ibc/07-tendermint`](https://github.com/cosmos/x/ibc/07-tendermint)
+* [ICS 009 - Loopback Client](https://github.com/cosmos/ics/blob/master/spec/ics-009-loopback-client):  To be implemented in [`x/ibc/09-loopback`](https://github.com/cosmos/x/ibc/09-loopback)
+* [ICS 018- Relayer Algorithms](https://github.com/cosmos/ics/tree/master/spec/ics-018-relayer-algorithms): Implemented in it's own [relayer repository](https://github.com/cosmos/relayer)
+* [ICS 020 - Fungible Token Transfer](https://github.com/cosmos/ics/tree/master/spec/ics-020-fungible-token-transfer): Implemented in [`x/ibc/20-transfer`](https://github.com/cosmos/x/ibc/20-transfer)
+* [ICS 023 - Vector Commitments](https://github.com/cosmos/ics/tree/master/spec/ics-023-vector-commitments): Implemented in [`x/ibc/23-commitment`](https://github.com/cosmos/x/ibc/23-commitment)
+* [ICS 024 - Host Requirements](https://github.com/cosmos/ics/tree/master/spec/ics-024-host-requirements): Implemented in [`x/ibc/24-host`](https://github.com/cosmos/x/ibc/24-host)
+* [ICS 025 - Handler Interface](https://github.com/cosmos/ics/tree/master/spec/ics-025-handler-interface): Handler interfaces are implemented at the top level in `x/ibc/handler.go`,
 which call each ICS submodule's handlers (i.e `x/ibc/{XX-ICS}/handler.go`).
-- [ICS 026 - Routing Module](https://github.com/cosmos/ics/blob/master/spec/ics-026-routing-module): Replaced by [ADR 15 - IBC Packet Receiver](../../../docs/architecture/adr-015-ibc-packet-receiver.md).
+* [ICS 026 - Routing Module](https://github.com/cosmos/ics/blob/master/spec/ics-026-routing-module): Replaced by [ADR 15 - IBC Packet Receiver](../../../docs/architecture/adr-015-ibc-packet-receiver.md).
 
 ### Architecture Decision Records (ADR)
 
 The following ADR provide the design and architecture decision of IBC-related components.
 
-- [ADR 10 - Modular AnteHandler](../../../docs/architecture/adr-010-modular-antehandler.md): Introduces a decorator pattern for the [`AnteHandler`](../../../docs/basics/gas-fees.md#antehandler), making it modular.  
-- [ADR 15 - IBC Packet Receiver](../../../docs/architecture/adr-015-ibc-packet-receiver.md): replaces the ICS26 routing module with [`AnteHandler`](../../../docs/basics/gas-fees.md#antehandler) logic within IBC. This is implemented using the `AnteDecorators` defined in [ADR10]((../../../docs/architecture/adr-010-modular-antehandler.md))
-- [ADR 17 - Historical Header Module](../../../docs/architecture/adr-017-historical-header-module.md): Introduces the ability to introspect past
+* [ADR 10 - Modular AnteHandler](../../../docs/architecture/adr-010-modular-antehandler.md): Introduces a decorator pattern for the [`AnteHandler`](../../../docs/basics/gas-fees.md#antehandler), making it modular.  
+* [ADR 15 - IBC Packet Receiver](../../../docs/architecture/adr-015-ibc-packet-receiver.md): replaces the ICS26 routing module with [`AnteHandler`](../../../docs/basics/gas-fees.md#antehandler) logic within IBC. This is implemented using the `AnteDecorators` defined in [ADR10]((../../../docs/architecture/adr-010-modular-antehandler.md))
+* [ADR 17 - Historical Header Module](../../../docs/architecture/adr-017-historical-header-module.md): Introduces the ability to introspect past
 consensus states in order to verify their membership in the counterparty clients.
-- [ADR 19 - Protobuf State Encoding](../../../docs/architecture/adr-019-protobuf-state-encoding.md): Migration from Amino to Protobuf for state encoding.
+* [ADR 19 - Protobuf State Encoding](../../../docs/architecture/adr-019-protobuf-state-encoding.md): Migration from Amino to Protobuf for state encoding.
+* [ADR 020 - Protocol Buffer Transaction Encoding](./../../docs/architecture/adr-020-protobuf-transaction-encoding.md): Client side migration to Protobuf.
+* [ADR 021 - Protocol Buffer Query Encoding](./../../docs/architecture/adr-020-protobuf-query-encoding.md): Queries migration to Protobuf.
 
 ### SDK Modules
 
-- [`x/evidence`](https://github.com/cosmos/x/evidence): The evidence module provides the interfaces and client logic to handle light client misbehaviour. Check [ADR 09 - Evidence Module](../../../docs/architecture/adr-009-evidence-module.md) for more details.
+* [`x/capability`](https://github.com/cosmos/tree/master/x/capability): The capability module provides object-capability keys support through scoped keepers in order to authenticate usage of ports or channels. Check [ADR 3 - Dynamic Capability Store](../../../docs/architecture/adr-003-dynamic-capability-store.md) for more details.
+* [`x/evidence`](https://github.com/cosmos/tree/master/x/evidence): The evidence module provides the interfaces and client logic to handle light client misbehaviour. Check [ADR 09 - Evidence Module](../../../docs/architecture/adr-009-evidence-module.md) for more details.
 
 ## IBC module architecture