diff --git a/Cargo.lock b/Cargo.lock
index 5353a451..ac54c006 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -191,9 +191,9 @@ dependencies = [
 
 [[package]]
 name = "anyhow"
-version = "1.0.92"
+version = "1.0.93"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "74f37166d7d48a0284b99dd824694c26119c700b53bf0d1540cdb147dbdaaf13"
+checksum = "4c95c10ba0b00a02636238b814946408b1322d5ac4760326e6fb8ec956d85775"
 
 [[package]]
 name = "arrayvec"
@@ -952,9 +952,9 @@ dependencies = [
 
 [[package]]
 name = "serial_test"
-version = "3.1.1"
+version = "3.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4b4b487fe2acf240a021cf57c6b2b4903b1e78ca0ecd862a71b71d2a51fed77d"
+checksum = "1b258109f244e1d6891bf1053a55d63a5cd4f8f4c30cf9a1280989f80e7a1fa9"
 dependencies = [
  "futures",
  "log",
@@ -966,9 +966,9 @@ dependencies = [
 
 [[package]]
 name = "serial_test_derive"
-version = "3.1.1"
+version = "3.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "82fe9db325bcef1fbcde82e078a5cc4efdf787e96b3b9cf45b50b529f2083d67"
+checksum = "5d69265a08751de7844521fd15003ae0a888e035773ba05695c5c759a6f89eef"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1040,18 +1040,18 @@ dependencies = [
 
 [[package]]
 name = "thiserror"
-version = "1.0.68"
+version = "2.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "02dd99dc800bbb97186339685293e1cc5d9df1f8fae2d0aecd9ff1c77efea892"
+checksum = "c006c85c7651b3cf2ada4584faa36773bd07bac24acfb39f3c431b36d7e667aa"
 dependencies = [
  "thiserror-impl",
 ]
 
 [[package]]
 name = "thiserror-impl"
-version = "1.0.68"
+version = "2.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a7c61ec9a6f64d2793d8a45faba21efbe3ced62a886d44c36a009b2b519b4c7e"
+checksum = "f077553d607adc1caf65430528a576c757a71ed73944b66ebb58ef2bbd243568"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1093,9 +1093,9 @@ dependencies = [
 
 [[package]]
 name = "tokio"
-version = "1.41.0"
+version = "1.41.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "145f3413504347a2be84393cc8a7d2fb4d863b375909ea59f2158261aa258bbb"
+checksum = "22cfb5bee7a6a52939ca9224d6ac897bb669134078daa8735560897f69de4d33"
 dependencies = [
  "backtrace",
  "bytes",
diff --git a/consensus/Cargo.toml b/consensus/Cargo.toml
index 73d73129..644ecbb3 100644
--- a/consensus/Cargo.toml
+++ b/consensus/Cargo.toml
@@ -25,13 +25,13 @@ itertools = "0.13"
 log = "0.4"
 parking_lot = "0.12"
 rand = "0.8"
-thiserror = "1.0"
+thiserror = "2.0"
 
 [dev-dependencies]
 aleph-bft-mock = { path = "../mock" }
 env_logger = "0.11"
 tokio = { version = "1", features = ["macros", "rt", "rt-multi-thread", "time"] }
-serial_test = "3.1.1"
+serial_test = "3.2.0"
 
 [features]
 default = ["initial_unit_collection"]