diff --git a/system/devel/binutils/pspec.xml b/system/devel/binutils/pspec.xml
index af38f0ba..ccc01794 100644
--- a/system/devel/binutils/pspec.xml
+++ b/system/devel/binutils/pspec.xml
@@ -11,7 +11,7 @@
         <IsA>app:console</IsA>
         <Summary>Assembler and linker tools</Summary>
         <Description>Contains commands like as, ld, nm, objdump, ar, ranlib for compiling assembly code to the machine language, and for linking and manipulating the binary object files.</Description>
-        <Archive sha1sum="332c7df7e1830c1e756cf4a5542a7952200210c1" type="tarbz2">http://ftp.gnu.org/gnu/binutils/binutils-2.33.1.tar.bz2</Archive>
+        <Archive sha1sum="45f7a96a2580a422f44b78317f0abf13935fecb6" type="tarxz">http://ftp.gnu.org/gnu/binutils/binutils-2.35.1.tar.xz</Archive>
         <Patches>
         </Patches>
     </Source>
@@ -31,6 +31,13 @@
     </Package>
 
     <History>
+		<Update release="6">
+            <Date>2020-10-21</Date>
+            <Version>2.35.1</Version>
+            <Comment>Version bump -phase1</Comment>
+            <Name>Idris Kalp</Name>
+            <Email>idriskalp@gmail.com</Email>
+        </Update>
 		<Update release="5">
             <Date>2019-12-13</Date>
             <Version>2.33.1</Version>