diff --git a/Cargo.lock b/Cargo.lock
index bff44544b..0f3edbbe7 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -185,15 +185,6 @@ dependencies = [
  "libc",
 ]
 
-[[package]]
-name = "ansi_term"
-version = "0.12.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d52a9bb7ec0cf484c551830a7ce27bd20d67eac647e1befb56b0be4ee39a55d2"
-dependencies = [
- "winapi",
-]
-
 [[package]]
 name = "anstream"
 version = "0.6.18"
@@ -1420,7 +1411,7 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-keyring 39.0.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "staging-xcm 14.2.0",
  "staging-xcm-builder",
  "staging-xcm-executor",
@@ -1596,7 +1587,7 @@ dependencies = [
  "tempfile",
  "tokio",
  "tracing",
- "tracing-subscriber 0.3.18",
+ "tracing-subscriber",
  "url",
  "which",
 ]
@@ -1957,7 +1948,7 @@ dependencies = [
  "uzers",
  "wabt",
  "walkdir",
- "wasm-encoder 0.220.0",
+ "wasm-encoder",
  "wasm-opt",
  "wasmparser 0.220.0",
  "which",
@@ -1990,7 +1981,7 @@ dependencies = [
  "scale-info",
  "serde",
  "serde_json",
- "sp-core 31.0.0",
+ "sp-core 32.0.0",
  "sp-runtime 35.0.0",
  "sp-weights",
  "subxt",
@@ -1998,7 +1989,7 @@ dependencies = [
  "tempfile",
  "tokio",
  "tracing",
- "tracing-subscriber 0.3.18",
+ "tracing-subscriber",
  "url",
 ]
 
@@ -3458,7 +3449,7 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
  "sp-runtime-interface 28.0.0",
- "sp-storage 21.0.0",
+ "sp-storage",
  "static_assertions",
 ]
 
@@ -3536,7 +3527,7 @@ dependencies = [
  "sp-core 34.0.0",
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
 ]
 
 [[package]]
@@ -3615,7 +3606,7 @@ dependencies = [
  "sp-staking 36.0.0",
  "sp-state-machine 0.43.0",
  "sp-std",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "sp-weights",
  "static_assertions",
  "tt-call",
@@ -5203,15 +5194,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "matchers"
-version = "0.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f099785f7595cc4b4553a174ce30dd7589ef93391ff414dbb67f62392b9e0ce1"
-dependencies = [
- "regex-automata 0.1.10",
-]
-
 [[package]]
 name = "matchers"
 version = "0.1.0"
@@ -5813,7 +5795,7 @@ dependencies = [
  "sp-core 34.0.0",
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
 ]
 
 [[package]]
@@ -6134,7 +6116,7 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-keystore 0.40.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "staging-xcm 14.2.0",
  "staging-xcm-builder",
  "staging-xcm-executor",
@@ -6677,7 +6659,7 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
  "sp-staking 36.0.0",
- "sp-tracing 17.0.1",
+ "sp-tracing",
 ]
 
 [[package]]
@@ -6964,7 +6946,7 @@ dependencies = [
  "sp-io 38.0.0",
  "sp-keystore 0.40.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "staging-xcm 14.2.0",
  "staging-xcm-builder",
  "staging-xcm-executor",
@@ -7276,7 +7258,7 @@ dependencies = [
  "sp-inherents",
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
- "sp-storage 21.0.0",
+ "sp-storage",
  "sp-timestamp",
 ]
 
@@ -7588,7 +7570,7 @@ dependencies = [
  "sp-core 34.0.0",
  "sp-io 38.0.0",
  "sp-runtime 39.0.2",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "staging-parachain-info",
  "staging-xcm 14.2.0",
  "staging-xcm-executor",
@@ -7963,7 +7945,7 @@ dependencies = [
  "frame-benchmarking",
  "parity-scale-codec",
  "polkadot-primitives 16.0.0",
- "sp-tracing 17.0.1",
+ "sp-tracing",
 ]
 
 [[package]]
@@ -8229,20 +8211,20 @@ dependencies = [
  "sp-state-machine 0.43.0",
  "sp-statement-store",
  "sp-std",
- "sp-storage 21.0.0",
+ "sp-storage",
  "sp-timestamp",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "sp-transaction-pool",
  "sp-transaction-storage-proof",
  "sp-trie 37.0.0",
  "sp-version",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
  "sp-weights",
  "staging-parachain-info",
  "staging-xcm 14.2.0",
  "staging-xcm-builder",
  "staging-xcm-executor",
- "substrate-bip39 0.6.0",
+ "substrate-bip39",
  "testnet-parachains-constants",
  "xcm-runtime-apis",
 ]
@@ -8275,7 +8257,7 @@ dependencies = [
  "sp-offchain",
  "sp-runtime 39.0.2",
  "sp-session",
- "sp-storage 21.0.0",
+ "sp-storage",
  "sp-transaction-pool",
  "sp-version",
 ]
@@ -8330,12 +8312,6 @@ version = "0.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "88b4e215c80fe876147f3d58158d5dfeae7dabdd6047e175af77095b78d0035c"
 
-[[package]]
-name = "polkavm-common"
-version = "0.8.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "92c99f7eee94e7be43ba37eef65ad0ee8cbaf89b7c00001c3f6d2be985cb1817"
-
 [[package]]
 name = "polkavm-common"
 version = "0.9.0"
@@ -8365,15 +8341,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "polkavm-derive"
-version = "0.8.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "79fa916f7962348bd1bb1a65a83401675e6fc86c51a0fdbcf92a3108e58e6125"
-dependencies = [
- "polkavm-derive-impl-macro 0.8.0",
-]
-
 [[package]]
 name = "polkavm-derive"
 version = "0.9.1"
@@ -8404,18 +8371,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "polkavm-derive-impl"
-version = "0.8.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c10b2654a8a10a83c260bfb93e97b262cf0017494ab94a65d389e0eda6de6c9c"
-dependencies = [
- "polkavm-common 0.8.0",
- "proc-macro2",
- "quote",
- "syn 2.0.89",
-]
-
 [[package]]
 name = "polkavm-derive-impl"
 version = "0.9.0"
@@ -8440,16 +8395,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "polkavm-derive-impl-macro"
-version = "0.8.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "15e85319a0d5129dc9f021c62607e0804f5fb777a05cdda44d750ac0732def66"
-dependencies = [
- "polkavm-derive-impl 0.8.0",
- "syn 2.0.89",
-]
-
 [[package]]
 name = "polkavm-derive-impl-macro"
 version = "0.9.0"
@@ -9405,7 +9350,7 @@ checksum = "b975ee3a95eaacb611e7b415737a7fa2db4d8ad7b880cc1b97371b04e95c7903"
 dependencies = [
  "log",
  "sp-core 34.0.0",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
  "thiserror 1.0.69",
 ]
 
@@ -9429,7 +9374,7 @@ dependencies = [
  "sp-runtime-interface 28.0.0",
  "sp-trie 37.0.0",
  "sp-version",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
  "tracing",
 ]
 
@@ -9442,7 +9387,7 @@ dependencies = [
  "polkavm 0.9.3",
  "sc-allocator",
  "sp-maybe-compressed-blob",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
  "thiserror 1.0.69",
  "wasm-instrument",
 ]
@@ -9456,7 +9401,7 @@ dependencies = [
  "log",
  "polkavm 0.9.3",
  "sc-executor-common",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
 ]
 
 [[package]]
@@ -9474,7 +9419,7 @@ dependencies = [
  "sc-allocator",
  "sc-executor-common",
  "sp-runtime-interface 28.0.0",
- "sp-wasm-interface 21.0.1",
+ "sp-wasm-interface",
  "wasmtime",
 ]
 
@@ -10880,53 +10825,6 @@ dependencies = [
  "sp-timestamp",
 ]
 
-[[package]]
-name = "sp-core"
-version = "31.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "26d7a0fd8f16dcc3761198fc83be12872f823b37b749bc72a3a6a1f702509366"
-dependencies = [
- "array-bytes",
- "bitflags 1.3.2",
- "blake2",
- "bounded-collections",
- "bs58",
- "dyn-clonable",
- "ed25519-zebra 3.1.0",
- "futures",
- "hash-db",
- "hash256-std-hasher",
- "impl-serde 0.4.0",
- "itertools 0.10.5",
- "k256",
- "libsecp256k1",
- "log",
- "merlin",
- "parity-bip39",
- "parity-scale-codec",
- "parking_lot",
- "paste",
- "primitive-types 0.12.2",
- "rand",
- "scale-info",
- "schnorrkel",
- "secp256k1 0.28.2",
- "secrecy 0.8.0",
- "serde",
- "sp-crypto-hashing",
- "sp-debug-derive",
- "sp-externalities 0.27.0",
- "sp-runtime-interface 26.0.0",
- "sp-std",
- "sp-storage 20.0.0",
- "ss58-registry",
- "substrate-bip39 0.5.0",
- "thiserror 1.0.69",
- "tracing",
- "w3f-bls",
- "zeroize",
-]
-
 [[package]]
 name = "sp-core"
 version = "32.0.0"
@@ -10965,9 +10863,9 @@ dependencies = [
  "sp-externalities 0.28.0",
  "sp-runtime-interface 27.0.0",
  "sp-std",
- "sp-storage 21.0.0",
+ "sp-storage",
  "ss58-registry",
- "substrate-bip39 0.6.0",
+ "substrate-bip39",
  "thiserror 1.0.69",
  "tracing",
  "w3f-bls",
@@ -11012,9 +10910,9 @@ dependencies = [
  "sp-externalities 0.29.0",
  "sp-runtime-interface 28.0.0",
  "sp-std",
- "sp-storage 21.0.0",
+ "sp-storage",
  "ss58-registry",
- "substrate-bip39 0.6.0",
+ "substrate-bip39",
  "thiserror 1.0.69",
  "tracing",
  "w3f-bls",
@@ -11087,18 +10985,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "sp-externalities"
-version = "0.27.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a1d6a4572eadd4a63cff92509a210bf425501a0c5e76574b30a366ac77653787"
-dependencies = [
- "environmental",
- "parity-scale-codec",
- "sp-std",
- "sp-storage 20.0.0",
-]
-
 [[package]]
 name = "sp-externalities"
 version = "0.28.0"
@@ -11107,7 +10993,7 @@ checksum = "33abaec4be69b1613796bbf430decbbcaaf978756379e2016e683a4d6379cd02"
 dependencies = [
  "environmental",
  "parity-scale-codec",
- "sp-storage 21.0.0",
+ "sp-storage",
 ]
 
 [[package]]
@@ -11118,7 +11004,7 @@ checksum = "a904407d61cb94228c71b55a9d3708e9d6558991f9e83bd42bd91df37a159d30"
 dependencies = [
  "environmental",
  "parity-scale-codec",
- "sp-storage 21.0.0",
+ "sp-storage",
 ]
 
 [[package]]
@@ -11169,7 +11055,7 @@ dependencies = [
  "sp-runtime-interface 27.0.0",
  "sp-state-machine 0.39.0",
  "sp-std",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "sp-trie 33.0.0",
  "tracing",
  "tracing-core",
@@ -11196,7 +11082,7 @@ dependencies = [
  "sp-keystore 0.40.0",
  "sp-runtime-interface 28.0.0",
  "sp-state-machine 0.43.0",
- "sp-tracing 17.0.1",
+ "sp-tracing",
  "sp-trie 37.0.0",
  "tracing",
  "tracing-core",
@@ -11387,26 +11273,6 @@ dependencies = [
  "tracing",
 ]
 
-[[package]]
-name = "sp-runtime-interface"
-version = "26.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e48a675ea4858333d4d755899ed5ed780174aa34fec15953428d516af5452295"
-dependencies = [
- "bytes",
- "impl-trait-for-tuples",
- "parity-scale-codec",
- "polkavm-derive 0.8.0",
- "primitive-types 0.12.2",
- "sp-externalities 0.27.0",
- "sp-runtime-interface-proc-macro",
- "sp-std",
- "sp-storage 20.0.0",
- "sp-tracing 16.0.0",
- "sp-wasm-interface 20.0.0",
- "static_assertions",
-]
-
 [[package]]
 name = "sp-runtime-interface"
 version = "27.0.0"
@@ -11421,9 +11287,9 @@ dependencies = [
  "sp-externalities 0.28.0",
  "sp-runtime-interface-proc-macro",
  "sp-std",
- "sp-storage 21.0.0",
- "sp-tracing 17.0.1",
- "sp-wasm-interface 21.0.1",
+ "sp-storage",
+ "sp-tracing",
+ "sp-wasm-interface",
  "static_assertions",
 ]
 
@@ -11441,9 +11307,9 @@ dependencies = [
  "sp-externalities 0.29.0",
  "sp-runtime-interface-proc-macro",
  "sp-std",
- "sp-storage 21.0.0",
- "sp-tracing 17.0.1",
- "sp-wasm-interface 21.0.1",
+ "sp-storage",
+ "sp-tracing",
+ "sp-wasm-interface",
  "static_assertions",
 ]
 
@@ -11577,20 +11443,6 @@ version = "14.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "12f8ee986414b0a9ad741776762f4083cd3a5128449b982a3919c4df36874834"
 
-[[package]]
-name = "sp-storage"
-version = "20.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8dba5791cb3978e95daf99dad919ecb3ec35565604e88cd38d805d9d4981e8bd"
-dependencies = [
- "impl-serde 0.4.0",
- "parity-scale-codec",
- "ref-cast",
- "serde",
- "sp-debug-derive",
- "sp-std",
-]
-
 [[package]]
 name = "sp-storage"
 version = "21.0.0"
@@ -11617,19 +11469,6 @@ dependencies = [
  "thiserror 1.0.69",
 ]
 
-[[package]]
-name = "sp-tracing"
-version = "16.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0351810b9d074df71c4514c5228ed05c250607cba131c1c9d1526760ab69c05c"
-dependencies = [
- "parity-scale-codec",
- "sp-std",
- "tracing",
- "tracing-core",
- "tracing-subscriber 0.2.25",
-]
-
 [[package]]
 name = "sp-tracing"
 version = "17.0.1"
@@ -11639,7 +11478,7 @@ dependencies = [
  "parity-scale-codec",
  "tracing",
  "tracing-core",
- "tracing-subscriber 0.3.18",
+ "tracing-subscriber",
 ]
 
 [[package]]
@@ -11745,20 +11584,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "sp-wasm-interface"
-version = "20.0.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9ef97172c42eb4c6c26506f325f48463e9bc29b2034a587f1b9e48c751229bee"
-dependencies = [
- "anyhow",
- "impl-trait-for-tuples",
- "log",
- "parity-scale-codec",
- "sp-std",
- "wasmtime",
-]
-
 [[package]]
 name = "sp-wasm-interface"
 version = "21.0.1"
@@ -12014,19 +11839,6 @@ dependencies = [
  "syn 2.0.89",
 ]
 
-[[package]]
-name = "substrate-bip39"
-version = "0.5.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a2b564c293e6194e8b222e52436bcb99f60de72043c7f845cf6c4406db4df121"
-dependencies = [
- "hmac 0.12.1",
- "pbkdf2",
- "schnorrkel",
- "sha2 0.10.8",
- "zeroize",
-]
-
 [[package]]
 name = "substrate-bip39"
 version = "0.6.0"
@@ -12644,17 +12456,6 @@ dependencies = [
  "valuable",
 ]
 
-[[package]]
-name = "tracing-log"
-version = "0.1.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f751112709b4e791d8ce53e32c4ed2d353565a795ce84da2285393f41557bdf2"
-dependencies = [
- "log",
- "once_cell",
- "tracing-core",
-]
-
 [[package]]
 name = "tracing-log"
 version = "0.2.0"
@@ -12666,45 +12467,13 @@ dependencies = [
  "tracing-core",
 ]
 
-[[package]]
-name = "tracing-serde"
-version = "0.1.3"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bc6b213177105856957181934e4920de57730fc69bf42c37ee5bb664d406d9e1"
-dependencies = [
- "serde",
- "tracing-core",
-]
-
-[[package]]
-name = "tracing-subscriber"
-version = "0.2.25"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0e0d2eaa99c3c2e41547cfa109e910a68ea03823cccad4a0525dcbc9b01e8c71"
-dependencies = [
- "ansi_term",
- "chrono",
- "lazy_static",
- "matchers 0.0.1",
- "regex",
- "serde",
- "serde_json",
- "sharded-slab",
- "smallvec",
- "thread_local",
- "tracing",
- "tracing-core",
- "tracing-log 0.1.4",
- "tracing-serde",
-]
-
 [[package]]
 name = "tracing-subscriber"
 version = "0.3.18"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ad0f048c97dbd9faa9b7df56362b8ebcaa52adb06b498c050d2f4e32f90a7a8b"
 dependencies = [
- "matchers 0.1.0",
+ "matchers",
  "nu-ansi-term",
  "once_cell",
  "regex",
@@ -12714,7 +12483,7 @@ dependencies = [
  "time",
  "tracing",
  "tracing-core",
- "tracing-log 0.2.0",
+ "tracing-log",
 ]
 
 [[package]]
@@ -13095,16 +12864,6 @@ version = "0.2.95"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "65fc09f10666a9f147042251e0dda9c18f166ff7de300607007e96bdebc1068d"
 
-[[package]]
-name = "wasm-encoder"
-version = "0.220.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ebf48234b389415b226a4daef6562933d38c7b28a8b8f64c5c4130dad1561ab7"
-dependencies = [
- "leb128",
- "wasmparser 0.220.0",
-]
-
 [[package]]
 name = "wasm-encoder"
 version = "0.221.0"
@@ -13453,7 +13212,7 @@ dependencies = [
  "leb128",
  "memchr",
  "unicode-width 0.2.0",
- "wasm-encoder 0.221.0",
+ "wasm-encoder",
 ]
 
 [[package]]
diff --git a/crates/build/Cargo.toml b/crates/build/Cargo.toml
index ce27137d1..a36f85d74 100644
--- a/crates/build/Cargo.toml
+++ b/crates/build/Cargo.toml
@@ -30,7 +30,7 @@ scale = { package = "parity-scale-codec", version = "3.0.0", features = [
 ] }
 toml = "0.8.13"
 tracing = "0.1.40"
-wasm-encoder = { version = "0.220.0", features = ["wasmparser"] }
+wasm-encoder = { version = "0.221.0", features = ["wasmparser"] }
 wasmparser = "0.220.0"
 semver = { version = "1.0.23", features = ["serde"] }
 serde = { version = "1", default-features = false, features = ["derive"] }