diff --git a/docs/basic-tutorials/upgrading-contracts.mdx b/docs/basic-tutorials/upgrading-contracts.mdx
index 92925dcd..7f9c2e8b 100644
--- a/docs/basic-tutorials/upgrading-contracts.mdx
+++ b/docs/basic-tutorials/upgrading-contracts.mdx
@@ -62,7 +62,10 @@ pub fn upgrade(e: Env, new_wasm_hash: BytesN<32>) {
 }
 ```
 
+The `update_current_contract_wasm` host function will also emit a `SYSTEM` contract [event] that contains the old and new wasm reference, allowing downstream users to be notified when a contract they use is updated. The event structure will have `topics = ["executable_update", old_executable: ContractExecutable, old_executable: ContractExecutable]` and `data = []`.
+
 [here]: https://docs.rs/soroban-sdk/0.9.2/soroban_sdk/struct.Env.html#method.update_current_contract_wasm
+[event]: ../fundamentals-and-concepts/events.mdx#event-types
 
 ## Tests
 
diff --git a/docs/fundamentals-and-concepts/events.mdx b/docs/fundamentals-and-concepts/events.mdx
index b5deb8ca..e37ba934 100644
--- a/docs/fundamentals-and-concepts/events.mdx
+++ b/docs/fundamentals-and-concepts/events.mdx
@@ -78,12 +78,26 @@ struct TransactionMetaV3
 
 [Link](https://github.com/stellar/stellar-xdr/blob/eab1622f18b8101aa0cea76361c08beaeaa8d715/Stellar-ledger.x#L444) to the XDR above.
 
+### Event types
+
+There are three `ContractEventType`'s -
+
+1. `CONTRACT` events are events emitted by contracts that use the
+   `contract_event` host function to convey state changes.
+2. `SYSTEM` events are events emitted by the host. At the moment, there's only one system event emitted by the host. It is emitted when the `update_current_contract_wasm` host function is called, where `topics = ["executable_update", old_executable: ContractExecutable, old_executable: ContractExecutable]` and `data = []`.
+3. `DIAGNOSTIC` events are meant for debugging and will not be emitted unless the host instance explictly enables it. You can read more about this below.
+
 ## What are diagnosticEvents?
 
 While looking at the `TransactionMetaV3` XDR struct above, you may have noticed
 the `diagnosticEvents` field. This list will be empty by default unless your
 stellar-core instance has `ENABLE_SOROBAN_DIAGNOSTIC_EVENTS=true` in its config
-file. If diagnostic events are enabled, this list will not only include all ContractEvents in `events`, but will also include events from failed contract calls, and additional diagnostic events emitted by the host. These events can be identified by `type == DIAGNOSTIC`, and they're defined below.
+file. If diagnostic events are enabled, this list will not only include all
+ContractEvents in `events`, but will also include events from failed contract
+calls, errors from the host, events to trace the contract call stack, and logs
+from the `log_from_linear_memory` host function. These events can be identified
+by `type == DIAGNOSTIC`. The diagnostic events emitted by the host to track the
+call stack are defined below.
 
 ### fn_call