diff --git a/packages/artifacts/linux-arm64/package.json b/packages/artifacts/linux-arm64/package.json
index c6945d025d..073441a288 100644
--- a/packages/artifacts/linux-arm64/package.json
+++ b/packages/artifacts/linux-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/linux-arm64",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/linux-arm64": "workspace:7.0.0-rc.1"
+    "@pnpm/linux-arm64": "workspace:7.0.0-rc.2"
   }
 }
diff --git a/packages/artifacts/linux-x64/package.json b/packages/artifacts/linux-x64/package.json
index 0e19a77902..ac6db07ce1 100644
--- a/packages/artifacts/linux-x64/package.json
+++ b/packages/artifacts/linux-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/linux-x64",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/linux-x64": "workspace:7.0.0-rc.1"
+    "@pnpm/linux-x64": "workspace:7.0.0-rc.2"
   }
 }
diff --git a/packages/artifacts/macos-arm64/package.json b/packages/artifacts/macos-arm64/package.json
index 9cfff747e2..33dfd7061d 100644
--- a/packages/artifacts/macos-arm64/package.json
+++ b/packages/artifacts/macos-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/macos-arm64",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/macos-arm64": "workspace:7.0.0-rc.1"
+    "@pnpm/macos-arm64": "workspace:7.0.0-rc.2"
   }
 }
diff --git a/packages/artifacts/macos-x64/package.json b/packages/artifacts/macos-x64/package.json
index 4144c5eba5..55c1d6e169 100644
--- a/packages/artifacts/macos-x64/package.json
+++ b/packages/artifacts/macos-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/macos-x64",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/macos-x64": "workspace:7.0.0-rc.1"
+    "@pnpm/macos-x64": "workspace:7.0.0-rc.2"
   }
 }
diff --git a/packages/artifacts/win-x64/package.json b/packages/artifacts/win-x64/package.json
index 248de48bb9..b4c32dd9d1 100644
--- a/packages/artifacts/win-x64/package.json
+++ b/packages/artifacts/win-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/win-x64",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/win-x64": "workspace:7.0.0-rc.1"
+    "@pnpm/win-x64": "workspace:7.0.0-rc.2"
   }
 }
diff --git a/packages/exe/package.json b/packages/exe/package.json
index 00f83a61cc..f5b78975ba 100644
--- a/packages/exe/package.json
+++ b/packages/exe/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@pnpm/exe",
   "description": "Fast, disk space efficient package manager",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "publishConfig": {
     "bin": {
       "pnpm": "pnpm"
@@ -11,14 +11,14 @@
     "url": "https://github.com/pnpm/pnpm/issues"
   },
   "optionalDependencies": {
-    "@pnpm/linux-arm64": "workspace:7.0.0-rc.1",
-    "@pnpm/linux-x64": "workspace:7.0.0-rc.1",
-    "@pnpm/macos-arm64": "workspace:7.0.0-rc.1",
-    "@pnpm/macos-x64": "workspace:7.0.0-rc.1",
-    "@pnpm/win-x64": "workspace:7.0.0-rc.1"
+    "@pnpm/linux-arm64": "workspace:7.0.0-rc.2",
+    "@pnpm/linux-x64": "workspace:7.0.0-rc.2",
+    "@pnpm/macos-arm64": "workspace:7.0.0-rc.2",
+    "@pnpm/macos-x64": "workspace:7.0.0-rc.2",
+    "@pnpm/win-x64": "workspace:7.0.0-rc.2"
   },
   "devDependencies": {
-    "@pnpm/exe": "workspace:7.0.0-rc.1",
+    "@pnpm/exe": "workspace:7.0.0-rc.2",
     "@zkochan/pkg": "0.0.0-2",
     "execa": "npm:safe-execa@^0.1.1"
   },
diff --git a/packages/pnpm/CHANGELOG.md b/packages/pnpm/CHANGELOG.md
index 476c7da401..98eefc5728 100644
--- a/packages/pnpm/CHANGELOG.md
+++ b/packages/pnpm/CHANGELOG.md
@@ -1,6 +1,6 @@
 # pnpm
 
-## 7.0.0-rc.1
+## 7.0.0-rc.2
 
 ### Major Changes
 
@@ -54,6 +54,26 @@
 
 - Don't hoist types by default to the root of `node_modules` [#4459](https://github.com/pnpm/pnpm/pull/4459).
 
+- Any package with "prettier" in its name is hoisted.
+
+- Changed the location of the global store from `~/.pnpm-store` to `<pnpm home directory>/store`
+
+  On Linux, by default it will be `~/.local/share/pnpm/store`
+  On Windows: `%LOCALAPPDATA%/pnpm/store`
+  On macOS: `~/Library/pnpm/store`
+
+  Related issue: [#2574](https://github.com/pnpm/pnpm/issues/2574)
+
+- 4bed585e2: The next deprecated settings were removed:
+
+  - frozen-shrinkwrap
+  - prefer-frozen-shrinkwrap
+  - shared-workspace-shrinkwrap
+  - shrinkwrap-directory
+  - lockfile-directory
+  - shrinkwrap-only
+  - store
+
 ## 6.32.4
 
 ### Patch Changes
diff --git a/packages/pnpm/package.json b/packages/pnpm/package.json
index a7e123a371..004c42e8c0 100644
--- a/packages/pnpm/package.json
+++ b/packages/pnpm/package.json
@@ -1,7 +1,7 @@
 {
   "name": "pnpm",
   "description": "Fast, disk space efficient package manager",
-  "version": "7.0.0-rc.1",
+  "version": "7.0.0-rc.2",
   "bin": {
     "pnpm": "bin/pnpm.cjs",
     "pnpx": "bin/pnpx.cjs"
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index bb5b35a4c7..81efc0ce6f 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -117,31 +117,31 @@ importers:
 
   packages/artifacts/linux-arm64:
     specifiers:
-      '@pnpm/linux-arm64': workspace:7.0.0-rc.1
+      '@pnpm/linux-arm64': workspace:7.0.0-rc.2
     devDependencies:
       '@pnpm/linux-arm64': 'link:'
 
   packages/artifacts/linux-x64:
     specifiers:
-      '@pnpm/linux-x64': workspace:7.0.0-rc.1
+      '@pnpm/linux-x64': workspace:7.0.0-rc.2
     devDependencies:
       '@pnpm/linux-x64': 'link:'
 
   packages/artifacts/macos-arm64:
     specifiers:
-      '@pnpm/macos-arm64': workspace:7.0.0-rc.1
+      '@pnpm/macos-arm64': workspace:7.0.0-rc.2
     devDependencies:
       '@pnpm/macos-arm64': 'link:'
 
   packages/artifacts/macos-x64:
     specifiers:
-      '@pnpm/macos-x64': workspace:7.0.0-rc.1
+      '@pnpm/macos-x64': workspace:7.0.0-rc.2
     devDependencies:
       '@pnpm/macos-x64': 'link:'
 
   packages/artifacts/win-x64:
     specifiers:
-      '@pnpm/win-x64': workspace:7.0.0-rc.1
+      '@pnpm/win-x64': workspace:7.0.0-rc.2
     devDependencies:
       '@pnpm/win-x64': 'link:'
 
@@ -727,12 +727,12 @@ importers:
 
   packages/exe:
     specifiers:
-      '@pnpm/exe': workspace:7.0.0-rc.1
-      '@pnpm/linux-arm64': workspace:7.0.0-rc.1
-      '@pnpm/linux-x64': workspace:7.0.0-rc.1
-      '@pnpm/macos-arm64': workspace:7.0.0-rc.1
-      '@pnpm/macos-x64': workspace:7.0.0-rc.1
-      '@pnpm/win-x64': workspace:7.0.0-rc.1
+      '@pnpm/exe': workspace:7.0.0-rc.2
+      '@pnpm/linux-arm64': workspace:7.0.0-rc.2
+      '@pnpm/linux-x64': workspace:7.0.0-rc.2
+      '@pnpm/macos-arm64': workspace:7.0.0-rc.2
+      '@pnpm/macos-x64': workspace:7.0.0-rc.2
+      '@pnpm/win-x64': workspace:7.0.0-rc.2
       '@zkochan/pkg': 0.0.0-2
       execa: npm:safe-execa@^0.1.1
     optionalDependencies: