diff --git a/Cargo.lock b/Cargo.lock
index 3dc2c97..b8c8220 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -106,13 +106,14 @@ checksum = "d965446196e3b7decd44aa7ee49e31d630118f90ef12f97900f262eb915c951d"
 
 [[package]]
 name = "bip324"
-version = "0.6.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b443a76f86143c093b211628be683ee592a097d316db6b90f723ed816bde1a49"
+version = "0.7.0"
 dependencies = [
  "bitcoin",
  "bitcoin_hashes 0.15.0",
  "chacha20-poly1305",
+ "corepc-node",
+ "futures",
+ "hex-conservative 0.2.1",
  "rand",
  "tokio",
 ]
@@ -120,13 +121,12 @@ dependencies = [
 [[package]]
 name = "bip324"
 version = "0.7.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "53157fcb2d6ec2851c7602d0690536d0b79209e393972cb2b36bd5d72dbd1879"
 dependencies = [
  "bitcoin",
  "bitcoin_hashes 0.15.0",
  "chacha20-poly1305",
- "corepc-node",
- "futures",
- "hex-conservative 0.2.1",
  "rand",
  "tokio",
 ]
@@ -135,7 +135,7 @@ dependencies = [
 name = "bip324-proxy"
 version = "0.4.0"
 dependencies = [
- "bip324 0.6.0",
+ "bip324 0.7.0 (registry+https://github.com/rust-lang/crates.io-index)",
  "bitcoin",
  "configure_me",
  "configure_me_codegen",
@@ -605,12 +605,6 @@ version = "0.28.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4271d37baee1b8c7e4b708028c57d816cf9d2434acb33a549475f78c181f6253"
 
-[[package]]
-name = "hermit-abi"
-version = "0.3.9"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d231dfb89cfffdbc30e7fc41579ed6066ad03abda9e567ccafae602b97ec5024"
-
 [[package]]
 name = "hermit-abi"
 version = "0.5.0"
@@ -680,7 +674,7 @@ version = "0.4.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e04d7f318608d35d4b61ddd75cbdaee86b023ebe2bd5a66ee0915f0bf93095a9"
 dependencies = [
- "hermit-abi 0.5.0",
+ "hermit-abi",
  "libc",
  "windows-sys 0.59.0",
 ]
@@ -798,23 +792,13 @@ dependencies = [
 
 [[package]]
 name = "mio"
-version = "0.8.11"
+version = "1.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a4a650543ca06a924e8b371db273b2756685faae30f8487da1b56505a8f78b0c"
+checksum = "2886843bf800fba2e3377cff24abf6379b4c4d5c6681eaf9ea5b0d15090450bd"
 dependencies = [
  "libc",
  "wasi 0.11.0+wasi-snapshot-preview1",
- "windows-sys 0.48.0",
-]
-
-[[package]]
-name = "num_cpus"
-version = "1.16.0"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4161fcb6d602d4d2081af7c3a45852d875a03dd337a6bfdd6e06407b61342a43"
-dependencies = [
- "hermit-abi 0.3.9",
- "libc",
+ "windows-sys 0.52.0",
 ]
 
 [[package]]
@@ -913,9 +897,9 @@ checksum = "7edddbd0b52d732b21ad9a5fab5c704c14cd949e5e9a1ec5929a24fded1b904c"
 
 [[package]]
 name = "ppv-lite86"
-version = "0.2.20"
+version = "0.2.21"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "77957b295656769bb8ad2b6a6b09d897d94f05c41b069aede1fcdaa675eaea04"
+checksum = "85eae3c4ed2f50dcfe72643da4befc30deadb458a9b590d720cde2f2b1e97da9"
 dependencies = [
  "zerocopy",
 ]
@@ -1041,9 +1025,9 @@ dependencies = [
 
 [[package]]
 name = "rustix"
-version = "1.0.1"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dade4812df5c384711475be5fcd8c162555352945401aed22a35bffeab61f657"
+checksum = "f7178faa4b75a30e269c71e61c353ce2748cf3d76f0c44c393f4e60abf49b825"
 dependencies = [
  "bitflags",
  "errno",
@@ -1118,18 +1102,18 @@ dependencies = [
 
 [[package]]
 name = "serde"
-version = "1.0.218"
+version = "1.0.219"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e8dfc9d19bdbf6d17e22319da49161d5d0108e4188e8b680aef6299eed22df60"
+checksum = "5f0e2c6ed6606019b4e29e69dbaba95b11854410e5347d525002456dbbb786b6"
 dependencies = [
  "serde_derive",
 ]
 
 [[package]]
 name = "serde_derive"
-version = "1.0.218"
+version = "1.0.219"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f09503e191f4e797cb8aac08e9a4a4695c5edf6a2e70e376d961ddd5c969f82b"
+checksum = "5b0276cf7f2c73365f7157c8123c21cd9a50fbbd844757af28ca1f5925fc2a00"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1218,9 +1202,9 @@ checksum = "13c2bddecc57b384dee18652358fb23172facb8a2c51ccc10d74c157bdea3292"
 
 [[package]]
 name = "syn"
-version = "2.0.99"
+version = "2.0.100"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e02e925281e18ffd9d640e234264753c43edc62d64b2d4cf898f1bc5e75f3fc2"
+checksum = "b09a44accad81e1ba1cd74a32461ba89dee89095ba17b32f5d03683b1b1fc2a0"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1248,7 +1232,7 @@ dependencies = [
  "fastrand",
  "getrandom 0.3.1",
  "once_cell",
- "rustix 1.0.1",
+ "rustix 1.0.2",
  "windows-sys 0.59.0",
 ]
 
@@ -1279,28 +1263,27 @@ checksum = "2e153e1f1acaef8acc537e68b44906d2db6436e2b35ac2c6b42640fff91f00fd"
 
 [[package]]
 name = "tokio"
-version = "1.38.1"
+version = "1.44.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eb2caba9f80616f438e09748d5acda951967e1ea58508ef53d9c6402485a46df"
+checksum = "9975ea0f48b5aa3972bf2d888c238182458437cc2a19374b81b25cdf1023fb3a"
 dependencies = [
  "backtrace",
  "bytes",
  "libc",
  "mio",
- "num_cpus",
  "parking_lot",
  "pin-project-lite",
  "signal-hook-registry",
  "socket2",
  "tokio-macros",
- "windows-sys 0.48.0",
+ "windows-sys 0.52.0",
 ]
 
 [[package]]
 name = "tokio-macros"
-version = "2.3.0"
+version = "2.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5f5ae998a069d4b5aba8ee9dad856af7d520c3699e6159b185c2acd48155d39a"
+checksum = "6e06d43f1345a3bcd39f6a56dbb7dcab2ba47e68e8ac134855e7e2bdbaf8cab8"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -1558,24 +1541,23 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "0d65cbf2f12c15564212d48f4e3dfb87923d25d611f2aed18f4cb23f0413d89e"
 dependencies = [
  "libc",
- "rustix 1.0.1",
+ "rustix 1.0.2",
 ]
 
 [[package]]
 name = "zerocopy"
-version = "0.7.35"
+version = "0.8.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1b9b4fd18abc82b8136838da5d50bae7bdea537c574d8dc1a34ed098d6c166f0"
+checksum = "fd97444d05a4328b90e75e503a34bad781f14e28a823ad3557f0750df1ebcbc6"
 dependencies = [
- "byteorder",
  "zerocopy-derive",
 ]
 
 [[package]]
 name = "zerocopy-derive"
-version = "0.7.35"
+version = "0.8.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fa4f8080344d4671fb4e831a13ad1e68092748387dfc4f55e356242fae12ce3e"
+checksum = "6352c01d0edd5db859a63e2605f4ea3183ddbd15e2c4a9e7d32184df75e4f154"
 dependencies = [
  "proc-macro2",
  "quote",
diff --git a/proxy/Cargo.toml b/proxy/Cargo.toml
index f4603d7..2048f9e 100644
--- a/proxy/Cargo.toml
+++ b/proxy/Cargo.toml
@@ -12,10 +12,10 @@ spec = "config_spec.toml"
 
 [dependencies]
 bitcoin = { version = "0.32.0" }
-tokio = { version = "1.37.0", features = ["full"] }
+tokio = { version = "1.44.0", features = ["full"] }
 hex = { package = "hex-conservative", version = "0.2.0" }
 # Can test locally by replacing versoin with path = "../protocol".
-bip324 = { version = "0.6.0", features = ["tokio"] }
+bip324 = { version = "0.7.0", features = ["tokio"] }
 configure_me = "0.4.0"
 log = "0.4"
 env_logger = "0.10"