diff --git a/Makefile b/Makefile
index a62d515d..c49fd394 100644
--- a/Makefile
+++ b/Makefile
@@ -24,7 +24,7 @@ console:
 build-latest:
 	$(MAKE) build TAG=latest \
 		XDR_REF=v20.0.2 \
-		CORE_REF=v20.0.2 \
+		CORE_REF=v20.1.0 \
 		CORE_SUPPORTS_ENABLE_SOROBAN_DIAGNOSTIC_EVENTS=true \
 		HORIZON_REF=horizon-v2.27.0 \
 		SOROBAN_RPC_REF=v20.1.0
@@ -32,7 +32,7 @@ build-latest:
 build-testing:
 	$(MAKE) build TAG=testing \
 		XDR_REF=v20.0.2 \
-		CORE_REF=v20.0.2 \
+		CORE_REF=v20.1.0 \
 		CORE_SUPPORTS_ENABLE_SOROBAN_DIAGNOSTIC_EVENTS=true \
 		HORIZON_REF=horizon-v2.27.0 \
 		SOROBAN_RPC_REF=v20.1.0
@@ -40,7 +40,7 @@ build-testing:
 build-soroban-dev:
 	$(MAKE) build TAG=soroban-dev \
 		XDR_REF=v20.0.2 \
-		CORE_REF=v20.0.2 \
+		CORE_REF=v20.1.0 \
 		CORE_SUPPORTS_ENABLE_SOROBAN_DIAGNOSTIC_EVENTS=true \
 		HORIZON_REF=horizon-v2.27.0 \
 		SOROBAN_RPC_REF=v20.1.0