diff --git a/rust/Cargo.lock b/rust/Cargo.lock
index 12d103d707..9981f348b4 100644
--- a/rust/Cargo.lock
+++ b/rust/Cargo.lock
@@ -4425,9 +4425,9 @@ dependencies = [
 
 [[package]]
 name = "time"
-version = "0.3.30"
+version = "0.3.31"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c4a34ab300f2dee6e562c10a046fc05e358b29f9bf92277f30c3c8d82275f6f5"
+checksum = "f657ba42c3f86e7680e53c8cd3af8abbe56b5491790b46e22e19c0d57463583e"
 dependencies = [
  "deranged",
  "itoa",
@@ -4445,9 +4445,9 @@ checksum = "ef927ca75afb808a4d64dd374f00a2adf8d0fcff8e7b184af886c3c87ec4a3f3"
 
 [[package]]
 name = "time-macros"
-version = "0.2.15"
+version = "0.2.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4ad70d68dba9e1f8aceda7aa6711965dfec1cac869f311a51bd08b3a2ccbce20"
+checksum = "26197e33420244aeb70c3e8c78376ca46571bc4e701e4791c2cd9f57dcb3a43f"
 dependencies = [
  "time-core",
 ]
@@ -4745,7 +4745,7 @@ checksum = "97fee6b57c6a41524a810daee9286c02d7752c4253064d0b05472833a438f675"
 dependencies = [
  "cfg-if",
  "digest 0.10.7",
- "rand 0.7.3",
+ "rand 0.8.5",
  "static_assertions",
 ]
 
diff --git a/rust/db_handling/Cargo.toml b/rust/db_handling/Cargo.toml
index 7c426b976b..ec51c2cbd2 100644
--- a/rust/db_handling/Cargo.toml
+++ b/rust/db_handling/Cargo.toml
@@ -19,7 +19,7 @@ sled = "0.34.6"
 sp-core = {git = "https://github.com/paritytech/substrate", default-features = false, features = ["full_crypto"], optional = true}
 sp-runtime = {git = "https://github.com/paritytech/substrate", default-features = false, optional = true}
 thiserror = "1.0.50"
-time = {version = "0.3.30", features = ["formatting", "macros"]}
+time = {version = "0.3.31", features = ["formatting", "macros"]}
 tiny-bip39 = {version = "1.0.0", default-features = false, optional = true}
 zeroize = { version = "1.7.0", optional = true, features = ["std"] }