diff --git a/Cargo.lock b/Cargo.lock
index 7482c6571..e485aa475 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -704,8 +704,8 @@ version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "2c8d66485a3a2ea485c1913c4572ce0256067a5377ac8c75c4960e1cda98605f"
 dependencies = [
- "bitcoin-internals",
- "bitcoin_hashes",
+ "bitcoin-internals 0.3.0",
+ "bitcoin_hashes 0.14.0",
 ]
 
 [[package]]
@@ -742,6 +742,12 @@ version = "1.6.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8c3c1a368f70d6cf7302d78f8f7093da241fb8e8807c05cc9e51a125895a6d5b"
 
+[[package]]
+name = "bech32"
+version = "0.10.0-beta"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "98f7eed2b2781a6f0b5c903471d48e15f56fb4e1165df8a9a2337fd1a59d45ea"
+
 [[package]]
 name = "bech32"
 version = "0.11.0"
@@ -802,6 +808,21 @@ dependencies = [
  "which",
 ]
 
+[[package]]
+name = "bitcoin"
+version = "0.31.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6c85783c2fe40083ea54a33aa2f0ba58831d90fcd190f5bdc47e74e84d2a96ae"
+dependencies = [
+ "bech32 0.10.0-beta",
+ "bitcoin-internals 0.2.0",
+ "bitcoin_hashes 0.13.0",
+ "hex-conservative 0.1.2",
+ "hex_lit",
+ "secp256k1 0.28.2",
+ "serde 1.0.203",
+]
+
 [[package]]
 name = "bitcoin"
 version = "0.32.0"
@@ -809,17 +830,26 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7170e7750a20974246f17ece04311b4205a6155f1db564c5b224af817663c3ea"
 dependencies = [
  "base58ck",
- "bech32",
- "bitcoin-internals",
+ "bech32 0.11.0",
+ "bitcoin-internals 0.3.0",
  "bitcoin-io",
  "bitcoin-units",
- "bitcoin_hashes",
- "hex-conservative",
+ "bitcoin_hashes 0.14.0",
+ "hex-conservative 0.2.0",
  "hex_lit",
  "secp256k1 0.29.0",
  "serde 1.0.203",
 ]
 
+[[package]]
+name = "bitcoin-internals"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9425c3bf7089c983facbae04de54513cce73b41c7f9ff8c845b54e7bc64ebbfb"
+dependencies = [
+ "serde 1.0.203",
+]
+
 [[package]]
 name = "bitcoin-internals"
 version = "0.3.0"
@@ -841,7 +871,18 @@ version = "0.1.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cb54da0b28892f3c52203a7191534033e051b6f4b52bc15480681b57b7e036f5"
 dependencies = [
- "bitcoin-internals",
+ "bitcoin-internals 0.3.0",
+ "serde 1.0.203",
+]
+
+[[package]]
+name = "bitcoin_hashes"
+version = "0.13.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "1930a4dabfebb8d7d9992db18ebe3ae2876f0a305fab206fd168df931ede293b"
+dependencies = [
+ "bitcoin-internals 0.2.0",
+ "hex-conservative 0.1.2",
  "serde 1.0.203",
 ]
 
@@ -852,7 +893,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bb18c03d0db0247e147a21a6faafd5a7eb851c743db062de72018b6b7e8e4d16"
 dependencies = [
  "bitcoin-io",
- "hex-conservative",
+ "hex-conservative 0.2.0",
  "serde 1.0.203",
 ]
 
@@ -875,7 +916,7 @@ version = "0.19.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d8909583c5fab98508e80ef73e5592a651c954993dc6b7739963257d19f0e71a"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.32.0",
  "serde 1.0.203",
  "serde_json",
 ]
@@ -1576,13 +1617,30 @@ dependencies = [
  "serde 1.0.203",
 ]
 
+[[package]]
+name = "electrum-client"
+version = "0.19.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "89008f106be6f303695522f2f4c1f28b40c3e8367ed8b3bb227f1f882cb52cc2"
+dependencies = [
+ "bitcoin 0.31.2",
+ "byteorder",
+ "libc",
+ "log",
+ "rustls 0.21.12",
+ "serde 1.0.203",
+ "serde_json",
+ "webpki-roots",
+ "winapi 0.3.9",
+]
+
 [[package]]
 name = "electrum-client"
 version = "0.20.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8c7b1f8783238bb18e6e137875b0a66f3dffe6c7ea84066e05d033cf180b150f"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.32.0",
  "byteorder",
  "libc",
  "log",
@@ -2137,6 +2195,12 @@ version = "0.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7f24254aa9a54b5c858eaee2f5bccdb46aaf0e486a595ed5fd8f86ba55232a70"
 
+[[package]]
+name = "hex-conservative"
+version = "0.1.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "212ab92002354b4819390025006c897e8140934349e8635c9b077f47b4dcbd20"
+
 [[package]]
 name = "hex-conservative"
 version = "0.2.0"
@@ -4281,10 +4345,10 @@ dependencies = [
 name = "sbtc"
 version = "0.1.0"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.32.0",
  "bitcoincore-rpc",
  "clarity",
- "electrum-client",
+ "electrum-client 0.20.0",
  "rand 0.8.5",
  "secp256k1 0.29.0",
  "serde 1.0.203",
@@ -4338,13 +4402,24 @@ dependencies = [
  "serde 1.0.203",
 ]
 
+[[package]]
+name = "secp256k1"
+version = "0.28.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d24b59d129cdadea20aea4fb2352fa053712e5d713eee47d700cd4b2bc002f10"
+dependencies = [
+ "bitcoin_hashes 0.13.0",
+ "secp256k1-sys 0.9.2",
+ "serde 1.0.203",
+]
+
 [[package]]
 name = "secp256k1"
 version = "0.29.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0e0cc0f1cf93f4969faf3ea1c7d8a9faed25918d96affa959720823dfe86d4f3"
 dependencies = [
- "bitcoin_hashes",
+ "bitcoin_hashes 0.14.0",
  "rand 0.8.5",
  "secp256k1-sys 0.10.0",
  "serde 1.0.203",
@@ -4359,6 +4434,15 @@ dependencies = [
  "cc",
 ]
 
+[[package]]
+name = "secp256k1-sys"
+version = "0.9.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "e5d1746aae42c19d583c3c1a8c646bfad910498e2051c551a7f2e3c0c9fbb7eb"
+dependencies = [
+ "cc",
+]
+
 [[package]]
 name = "secp256k1-sys"
 version = "0.10.0"
@@ -4665,13 +4749,13 @@ dependencies = [
  "aquamarine",
  "backoff",
  "bincode",
- "bitcoin",
+ "bitcoin 0.32.0",
  "bitcoincore-rpc",
  "bitvec",
  "blocklist-api",
  "clap",
  "config 0.14.0",
- "electrum-client",
+ "electrum-client 0.19.0",
  "fake",
  "futures",
  "hashbrown 0.14.5",