diff --git a/.github/workflows/kind_e2e.yaml b/.github/workflows/kind_e2e.yaml
index 216f5a6ff..6a8e8c609 100644
--- a/.github/workflows/kind_e2e.yaml
+++ b/.github/workflows/kind_e2e.yaml
@@ -51,7 +51,7 @@ jobs:
     runs-on: ubuntu-latest
     env:
       GOVER: 1.18
-      DAPR_RUNTIME_VERSION: 1.8.0-rc.2
+      DAPR_RUNTIME_VERSION: 1.8.0-rc.3
       DAPR_DASHBOARD_VERSION: 0.10.0
       DAPR_TGZ: dapr-1.7.0.tgz
     strategy:
diff --git a/.github/workflows/self_hosted_e2e.yaml b/.github/workflows/self_hosted_e2e.yaml
index 61ab6a47c..0300c53e4 100644
--- a/.github/workflows/self_hosted_e2e.yaml
+++ b/.github/workflows/self_hosted_e2e.yaml
@@ -40,7 +40,7 @@ jobs:
       GOARCH: ${{ matrix.target_arch }}
       GOPROXY: https://proxy.golang.org
       ARCHIVE_OUTDIR: dist/archives
-      DAPR_RUNTIME_VERSION: "1.8.0-rc.2"
+      DAPR_RUNTIME_VERSION: "1.8.0-rc.3"
       DAPR_DASHBOARD_VERSION: 0.10.0
       DAPR_TGZ: dapr-1.7.0.tgz
     strategy:
diff --git a/cmd/dapr.go b/cmd/dapr.go
index d9cd82725..834ec88af 100644
--- a/cmd/dapr.go
+++ b/cmd/dapr.go
@@ -72,7 +72,7 @@ func Execute(version, apiVersion string) {
 }
 
 func setVersion() {
-	template := fmt.Sprintf("CLI version: %s \nRuntime version: %s", daprVer.CliVersion, daprVer.RuntimeVersion)
+	template := fmt.Sprintf(cliVersionTemplateString, daprVer.CliVersion, daprVer.RuntimeVersion)
 	RootCmd.SetVersionTemplate(template)
 }
 
diff --git a/cmd/version.go b/cmd/version.go
index df035aca5..6c5116b67 100644
--- a/cmd/version.go
+++ b/cmd/version.go
@@ -23,6 +23,8 @@ import (
 	"github.com/dapr/cli/pkg/print"
 )
 
+const cliVersionTemplateString = "CLI version: %s \nRuntime version: %s\n"
+
 var output string
 
 var VersionCmd = &cobra.Command{
@@ -40,7 +42,7 @@ dapr version --output json
 		switch output {
 		case "":
 			// normal output.
-			fmt.Printf("CLI version: %s \nRuntime version: %s", daprVer.CliVersion, daprVer.RuntimeVersion)
+			fmt.Printf(cliVersionTemplateString, daprVer.CliVersion, daprVer.RuntimeVersion)
 		case "json":
 			// json output.
 			b, err := json.Marshal(daprVer)
@@ -48,7 +50,7 @@ dapr version --output json
 				print.FailureStatusEvent(os.Stderr, err.Error())
 				os.Exit(1)
 			}
-			fmt.Printf("%s", string(b))
+			fmt.Printf("%s\n", string(b))
 		default:
 			// fail and exit.
 			os.Exit(1)
diff --git a/go.mod b/go.mod
index 26b92d982..baf33c847 100644
--- a/go.mod
+++ b/go.mod
@@ -7,7 +7,7 @@ require (
 	github.com/Azure/go-autorest/autorest/adal v0.9.18 // indirect
 	github.com/Pallinder/sillyname-go v0.0.0-20130730142914-97aeae9e6ba1
 	github.com/briandowns/spinner v1.6.1
-	github.com/dapr/dapr v1.8.0-rc.2
+	github.com/dapr/dapr v1.8.0-rc.3
 	github.com/dapr/go-sdk v1.0.0
 	github.com/docker/docker v20.10.12+incompatible
 	github.com/fatih/color v1.13.0
diff --git a/go.sum b/go.sum
index 0a99aa4c3..1152953ba 100644
--- a/go.sum
+++ b/go.sum
@@ -351,8 +351,8 @@ github.com/d2g/dhcp4client v1.0.0/go.mod h1:j0hNfjhrt2SxUOw55nL0ATM/z4Yt3t2Kd1mW
 github.com/d2g/dhcp4server v0.0.0-20181031114812-7d4a0a7f59a5/go.mod h1:Eo87+Kg/IX2hfWJfwxMzLyuSZyxSoAug2nGa1G2QAi8=
 github.com/d2g/hardwareaddr v0.0.0-20190221164911-e7d9fbe030e4/go.mod h1:bMl4RjIciD2oAxI7DmWRx6gbeqrkoLqv3MV0vzNad+I=
 github.com/danieljoos/wincred v1.1.0/go.mod h1:XYlo+eRTsVA9aHGp7NGjFkPla4m+DCL7hqDjlFjiygg=
-github.com/dapr/dapr v1.8.0-rc.2 h1:l5ed+u4PvaM0124nCP/TdTZbhtxlGU4abR2DvQoVRvo=
-github.com/dapr/dapr v1.8.0-rc.2/go.mod h1:fCL5XYOGgrkmpl1GfCN9W0k/dMULHLBeMq73M4JxvTc=
+github.com/dapr/dapr v1.8.0-rc.3 h1:9Lzmy7f0aGlg/NJGQxGPUfpYbsjPtzhHhMXgZ/96Ikc=
+github.com/dapr/dapr v1.8.0-rc.3/go.mod h1:FEV1TqoQoIgJiOUvMD19ScwjEPaVBtZL4iK7EHDNbwA=
 github.com/dapr/go-sdk v1.0.0 h1:3nOmFzsPaHzzgINQQD9AFofVX6LV8QYJtpogaBfwkUg=
 github.com/dapr/go-sdk v1.0.0/go.mod h1:zyhsocIKv4pqQ2VtvWvf2CK1UhP7Z2OAOXgEpVxMgIs=
 github.com/dapr/kit v0.0.2-0.20210614175626-b9074b64d233 h1:M0dWIG8kUxEFU57IqTWeqptNqlBsfosFgsA5Ov7rJ8g=
diff --git a/tests/e2e/upgrade/upgrade_test.go b/tests/e2e/upgrade/upgrade_test.go
index 2b12df7f6..a60131524 100644
--- a/tests/e2e/upgrade/upgrade_test.go
+++ b/tests/e2e/upgrade/upgrade_test.go
@@ -38,7 +38,7 @@ var supportedUpgradePaths = []upgradePath{
 			CustomResourceDefs:  []string{"components.dapr.io", "configurations.dapr.io", "subscriptions.dapr.io", "resiliencies.dapr.io"},
 		},
 		next: common.VersionDetails{
-			RuntimeVersion:      "1.8.0-rc.2",
+			RuntimeVersion:      "1.8.0-rc.3",
 			DashboardVersion:    "0.10.0",
 			ClusterRoles:        []string{"dapr-operator-admin", "dashboard-reader"},
 			ClusterRoleBindings: []string{"dapr-operator", "dapr-role-tokenreview-binding", "dashboard-reader-global"},
@@ -64,7 +64,7 @@ var supportedUpgradePaths = []upgradePath{
 	// test downgrade
 	{
 		previous: common.VersionDetails{
-			RuntimeVersion:      "1.8.0-rc.2",
+			RuntimeVersion:      "1.8.0-rc.3",
 			DashboardVersion:    "0.10.0",
 			ClusterRoles:        []string{"dapr-operator-admin", "dashboard-reader"},
 			ClusterRoleBindings: []string{"dapr-operator", "dapr-role-tokenreview-binding", "dashboard-reader-global"},