diff --git a/docerina-ui/package.json b/docerina-ui/package.json
index 385b94369..45410cc03 100644
--- a/docerina-ui/package.json
+++ b/docerina-ui/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@ballerina/docs-ui",
-    "version": "1.4.0-SNAPSHOT",
+    "version": "1.5.0-SNAPSHOT",
     "description": "The react app used to display API Docs.",
     "main": "index.js",
     "scripts": {
diff --git a/gradle.properties b/gradle.properties
index 942243f9c..4097abc7d 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,9 +1,9 @@
 org.gradle.caching=true
 group=org.ballerinalang
-version=1.4.0-SNAPSHOT
-ballerinaLangVersion=2201.9.0
+version=1.5.0-SNAPSHOT
+ballerinaLangVersion=2201.10.0-20240806-083400-aabac46a
 
-ballerinaGradlePluginVersion=2.0.1
+ballerinaGradlePluginVersion=2.2.6
 checkStyleToolVersion=10.12.1
 downloadPluginVersion=5.4.0
 eclipseLsp4jVersion=0.12.0
@@ -15,19 +15,19 @@ spotbugsPluginVersion=5.0.14
 testngVersion=7.6.1
 
 # Ballerinax Observer
-observeVersion=1.2.3
-observeInternalVersion=1.2.2
+observeVersion=1.3.0-20240807-093200-e29ca7a
+observeInternalVersion=1.3.0-20240807-094500-91e2d3a
 
 # Standard Library Dependencies
 # Stdlib Level 01
-stdlibIoVersion=1.6.0
+stdlibIoVersion=1.6.1
 stdlibTimeVersion=2.4.0
 stdlibUrlVersion=2.4.0
 
 # Stdlib Level 02
 stdlibConstraintVersion=1.5.0
-stdlibCryptoVersion=2.7.0
-stdlibLogVersion=2.9.0
+stdlibCryptoVersion=2.7.2
+stdlibLogVersion=2.10.0-20240807-203000-b85cfb9
 stdlibOsVersion=1.8.0
 stdlibRandomVersion=1.5.0
 
@@ -35,17 +35,17 @@ stdlibRandomVersion=1.5.0
 stdlibUuidVersion=1.8.0
 
 # Stdlib Level 04
-stdlibAuthVersion=2.11.0
-stdlibOAuth2Version=2.11.0
+stdlibAuthVersion=2.12.0-20240807-214700-37b31bb
+stdlibOAuth2Version=2.12.0-20240807-220200-7f7294b
 
 # Stdlib Level 05
-stdlibHttpVersion=2.11.0
+stdlibHttpVersion=2.12.0-20240809-111500-91b1ccd
 
 # Stdlib Level 06
-stdlibGrpcVersion=1.11.0
+stdlibGrpcVersion=1.12.0-20240809-125800-0b4a6a7
 
 # Stdlib Level 07
-stdlibGraphqlVersion=1.12.0
+stdlibGraphqlVersion=1.14.0-20240809-155800-d79bf35
 
 # Persist Tool
-persistToolVersion=1.3.0
+persistToolVersion=1.4.0-20240810-075600-b104175
diff --git a/testerina-report-tools/package.json b/testerina-report-tools/package.json
index 57adfbc08..9d5a2082c 100644
--- a/testerina-report-tools/package.json
+++ b/testerina-report-tools/package.json
@@ -1,6 +1,6 @@
 {
     "name": "@ballerina/testerina-report",
-    "version": "1.4.0-SNAPSHOT",
+    "version": "1.5.0-SNAPSHOT",
     "private": true,
     "homepage": ".",
     "dependencies": {