diff --git a/Cargo.lock b/Cargo.lock
index 6b5107f3f2..478b88ecf8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -175,13 +175,13 @@ dependencies = [
 
 [[package]]
 name = "aleph-bft-crypto"
-version = "0.9.0"
+version = "0.9.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7fdf0c124883ef234a6262e43b9ed1d214e9f9c8744a88f1f2451c2b6efe4290"
+checksum = "4e99189e0c434af4bb0f4238925df15091962ae843f509561def48ecf36c163d"
 dependencies = [
  "async-trait",
  "bit-vec",
- "derive_more 0.99.18",
+ "derive_more 1.0.0",
  "log",
  "parity-scale-codec",
 ]
@@ -304,7 +304,7 @@ dependencies = [
  "static_assertions",
  "substrate-build-script-utils",
  "substrate-frame-rpc-system",
- "thiserror 1.0.69",
+ "thiserror 2.0.3",
 ]
 
 [[package]]
@@ -448,9 +448,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.93"
+version = "1.0.95"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4c95c10ba0b00a02636238b814946408b1322d5ac4760326e6fb8ec956d85775"
+checksum = "34ac096ce696dc2fcabef30516bb13c0a68a11d30131d3df6f04711467681b04"
 
 [[package]]
 name = "approx"
@@ -710,9 +710,9 @@ dependencies = [
 
 [[package]]
 name = "async-trait"
-version = "0.1.83"
+version = "0.1.85"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "721cae7de5c34fbb2acd27e21e6d2cf7b886dce0c27388d46c4e6c47ea4318dd"
+checksum = "3f934833b4b7233644e5848f235df3f57ed8c80f1528a26c3dfa13d2147fa056"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -837,9 +837,9 @@ dependencies = [
 
 [[package]]
 name = "bit-vec"
-version = "0.6.3"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "349f9b6a179ed607305526ca489b34ad0a41aed5f7980fa90eb03160b69598fb"
+checksum = "5e764a1d40d510daf35e07be9eb06e75770908c27d411ee6c92109c9840eaaf7"
 
 [[package]]
 name = "bitcoin-internals"
@@ -1371,6 +1371,15 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6245d59a3e82a7fc217c5828a6692dbc6dfb63a0c8c90495621f7b9d79704a0e"
 
+[[package]]
+name = "convert_case"
+version = "0.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ec182b0ca2f35d8fc196cf3404988fd8b8c739a4d270ff118a398feb0cbec1ca"
+dependencies = [
+ "unicode-segmentation",
+]
+
 [[package]]
 name = "core-foundation"
 version = "0.9.4"
@@ -1797,7 +1806,7 @@ version = "0.99.18"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5f33878137e4dafd7fa914ad4e259e18a4e8e532b9617a2d0150262bf53abfce"
 dependencies = [
- "convert_case",
+ "convert_case 0.4.0",
  "proc-macro2",
  "quote",
  "rustc_version 0.4.1",
@@ -1819,6 +1828,7 @@ version = "1.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cb7330aeadfbe296029522e6c40f315320aba36fc43a5b3632f3795348f3bd22"
 dependencies = [
+ "convert_case 0.6.0",
  "proc-macro2",
  "quote",
  "syn 2.0.89",
@@ -2965,7 +2975,7 @@ dependencies = [
  "futures-sink",
  "futures-util",
  "http",
- "indexmap 2.6.0",
+ "indexmap 2.7.1",
  "slab",
  "tokio",
  "tokio-util",
@@ -3502,9 +3512,9 @@ dependencies = [
 
 [[package]]
 name = "indexmap"
-version = "2.6.0"
+version = "2.7.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "707907fe3c25f5424cce2cb7e1cbcafee6bdbe735ca90ef77c29e84591e5b9da"
+checksum = "8c9c992b02b5b4c94ea26e32fe5bccb7aa7d9f390ab5c1221ff895bc7ea8b652"
 dependencies = [
  "equivalent",
  "hashbrown 0.15.2",
@@ -3815,9 +3825,9 @@ checksum = "884e2677b40cc8c339eaefcb701c32ef1fd2493d71118dc0ca4b6a736c93bd67"
 
 [[package]]
 name = "libc"
-version = "0.2.166"
+version = "0.2.169"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c2ccc108bbc0b1331bd061864e7cd823c0cab660bbe6970e66e2c0614decde36"
+checksum = "b5aba8db14291edd000dfcc4d620c7ebfb122c613afb886ca8803fa4e128a20a"
 
 [[package]]
 name = "libloading"
@@ -4388,9 +4398,9 @@ dependencies = [
 
 [[package]]
 name = "log"
-version = "0.4.22"
+version = "0.4.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a7a70ba024b9dc04c27ea2f0c0548feb474ec5c54bba33a7f72f873a39d07b24"
+checksum = "04cbf5b083de1c7e0222a7a51dbfdba1cbe1c6ab0b15e29fff3f6c077fd9cd9f"
 
 [[package]]
 name = "lru"
@@ -5787,7 +5797,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "b4c5cc86750666a3ed20bdaf5ca2a0344f9c67674cae0515bec2da16fbaa47db"
 dependencies = [
  "fixedbitset",
- "indexmap 2.6.0",
+ "indexmap 2.7.1",
 ]
 
 [[package]]
@@ -7835,9 +7845,9 @@ checksum = "388a1df253eca08550bef6c72392cfe7c30914bf41df5269b68cbd6ff8f570a3"
 
 [[package]]
 name = "serde"
-version = "1.0.215"
+version = "1.0.217"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6513c1ad0b11a9376da888e3e0baa0077f1aed55c17f50e7b2397136129fb88f"
+checksum = "02fc4265df13d6fa1d00ecff087228cc0a2b5f3c0e87e258d8b94a156e984c70"
 dependencies = [
  "serde_derive",
 ]
@@ -7853,9 +7863,9 @@ dependencies = [
 
 [[package]]
 name = "serde_derive"
-version = "1.0.215"
+version = "1.0.217"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ad1e866f866923f252f05c889987993144fb74e722403468a4ebd70c3cd756c0"
+checksum = "5a9bf7cf98d04a2b28aead066b7496853d4779c9cc183c440dbac457641e19a0"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -7864,9 +7874,9 @@ dependencies = [
 
 [[package]]
 name = "serde_json"
-version = "1.0.133"
+version = "1.0.138"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c7fceb2473b9166b2294ef05efcb65a3db80803f0b03ef86a5fc88a2b85ee377"
+checksum = "d434192e7da787e94a6ea7e9670b26a036d0ca41e0b7efb2676dd32bae872949"
 dependencies = [
  "itoa",
  "memchr",
@@ -9388,9 +9398,9 @@ checksum = "1f3ccbac311fea05f86f61904b462b55fb3df8837a366dfc601a0161d0532f20"
 
 [[package]]
 name = "tokio"
-version = "1.41.1"
+version = "1.43.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "22cfb5bee7a6a52939ca9224d6ac897bb669134078daa8735560897f69de4d33"
+checksum = "3d61fa4ffa3de412bfea335c6ecff681de2b609ba3c77ef3e00e521813a9ed9e"
 dependencies = [
  "backtrace",
  "bytes",
@@ -9406,9 +9416,9 @@ dependencies = [
 
 [[package]]
 name = "tokio-macros"
-version = "2.4.0"
+version = "2.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "693d596312e88961bc67d7f1f97af8a70227d9f90c31bba5806eec004978d752"
+checksum = "6e06d43f1345a3bcd39f6a56dbb7dcab2ba47e68e8ac134855e7e2bdbaf8cab8"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -9487,7 +9497,7 @@ version = "0.22.22"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4ae48d6208a266e853d946088ed816055e556cc6028c5e8e2b84d9fa5dd7c7f5"
 dependencies = [
- "indexmap 2.6.0",
+ "indexmap 2.7.1",
  "serde",
  "serde_spanned",
  "toml_datetime",
@@ -9759,6 +9769,12 @@ dependencies = [
  "tinyvec",
 ]
 
+[[package]]
+name = "unicode-segmentation"
+version = "1.12.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "f6ccf251212114b54433ec949fd6a7841275f9ada20dddd2f29e9ceea4501493"
+
 [[package]]
 name = "unicode-width"
 version = "0.1.14"
@@ -9988,12 +10004,12 @@ checksum = "65fc09f10666a9f147042251e0dda9c18f166ff7de300607007e96bdebc1068d"
 
 [[package]]
 name = "wasm-encoder"
-version = "0.221.0"
+version = "0.224.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "de35b6c3ef1f53ac7a31b5e69bc00f1542ea337e7e7162dc34c68b537ff82690"
+checksum = "b7249cf8cb0c6b9cb42bce90c0a5feb276fbf963fa385ff3d818ab3d90818ed6"
 dependencies = [
  "leb128",
- "wasmparser 0.221.0",
+ "wasmparser 0.224.0",
 ]
 
 [[package]]
@@ -10112,12 +10128,12 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.221.0"
+version = "0.224.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8659e755615170cfe20da468865c989da78c5da16d8652e69a75acda02406a92"
+checksum = "65881a664fdd43646b647bb27bf186ab09c05bf56779d40aed4c6dce47d423f5"
 dependencies = [
  "bitflags 2.6.0",
- "indexmap 2.6.0",
+ "indexmap 2.7.1",
  "semver 1.0.23",
 ]
 
@@ -10327,9 +10343,9 @@ dependencies = [
 
 [[package]]
 name = "wast"
-version = "221.0.0"
+version = "224.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9d8eb1933d493dd07484a255c3f52236123333f5befaa3be36182a50d393ec54"
+checksum = "d722a51e62b669d17e5a9f6bc8ec210178b37d869114355aa46989686c5c6391"
 dependencies = [
  "bumpalo",
  "leb128",
@@ -10340,9 +10356,9 @@ dependencies = [
 
 [[package]]
 name = "wat"
-version = "1.221.0"
+version = "1.224.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c813fd4e5b2b97242830b56e7b7dc5479bc17aaa8730109be35e61909af83993"
+checksum = "71dece6a7dd5bcbcf8d256606c7fb3faa36286d46bf3f98185407719a5ceede2"
 dependencies = [
  "wast",
 ]
diff --git a/Cargo.toml b/Cargo.toml
index c76d1712d0..2b94cccc1a 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -74,9 +74,9 @@ serde = { version = "1.0", default-features = false }
 serde_json = { version = "1.0", default-features = false }
 smallvec = { version = "1", default-features = false }
 static_assertions = { version = "1.1" }
-thiserror = { version = "1.0" }
+thiserror = { version = "2.0" }
 tiny-bip39 = { version = "1.0" }
-tokio = { version = "1.41" }
+tokio = { version = "1.43" }
 rand_pcg = { version = "0.3.1", default-features = false }
 
 frame-benchmarking = { git = "https://github.com/Cardinal-Cryptography/polkadot-sdk.git", branch = "aleph-v1.6.0", default-features = false }
diff --git a/pallets/operations/Cargo.toml b/pallets/operations/Cargo.toml
index 99abfc7e37..49d40b2fbe 100644
--- a/pallets/operations/Cargo.toml
+++ b/pallets/operations/Cargo.toml
@@ -27,7 +27,7 @@ sp-std = { workspace = true }
 sp-io = { workspace = true }
 pallet-timestamp = { workspace = true }
 frame-election-provider-support = { workspace = true }
-anyhow = "1.0.93"
+anyhow = "1.0.95"
 wat = "1"
 
 [features]