diff --git a/.gitignore b/.gitignore
index ef3881b..25bdc84 100644
--- a/.gitignore
+++ b/.gitignore
@@ -14,3 +14,5 @@ target/
 
 # Ignore state machine binary
 ic-test-state-machine
+
+.vscode
\ No newline at end of file
diff --git a/cycles-ledger/src/storage.rs b/cycles-ledger/src/storage.rs
index aeccb33..1b07a59 100644
--- a/cycles-ledger/src/storage.rs
+++ b/cycles-ledger/src/storage.rs
@@ -741,7 +741,9 @@ pub fn transfer(
 
     // if `amount` + `fee` overflows then the user doesn't have enough funds
     let Some(amount_with_fee) = amount.checked_add(config::FEE) else {
-        return Err(InsufficientFunds { balance: balance_of(&from).into() });
+        return Err(InsufficientFunds {
+            balance: balance_of(&from).into(),
+        });
     };
 
     // check allowance
@@ -1315,7 +1317,9 @@ pub fn validate_created_at_time(
     created_at_time: &Option<u64>,
     now: u64,
 ) -> Result<(), CreatedAtTimeValidationError> {
-    let Some(created_at_time) = created_at_time else { return Ok(())};
+    let Some(created_at_time) = created_at_time else {
+        return Ok(());
+    };
     if created_at_time
         .saturating_add(config::TRANSACTION_WINDOW.as_nanos() as u64)
         .saturating_add(config::PERMITTED_DRIFT.as_nanos() as u64)
@@ -1414,7 +1418,9 @@ pub async fn send(
 
     // if `amount` + `fee` overflows then the user doesn't have enough funds
     let Some(amount_with_fee) = amount.checked_add(config::FEE) else {
-        return Err(InsufficientFunds { balance: balance_of(&from).into() });
+        return Err(InsufficientFunds {
+            balance: balance_of(&from).into(),
+        });
     };
 
     // check that the `from` account has enough funds
@@ -1521,7 +1527,9 @@ pub async fn create_canister(
 
     // if `amount` + `fee` overflows then the user doesn't have enough funds
     let Some(amount_with_fee) = amount.checked_add(config::FEE) else {
-        return Err(InsufficientFunds { balance: balance_of(&from).into() });
+        return Err(InsufficientFunds {
+            balance: balance_of(&from).into(),
+        });
     };
 
     // check that the `from` account has enough funds
@@ -1856,7 +1864,8 @@ fn prune_transactions(now: u64, s: &mut State, limit: usize) {
         pruned += 1;
 
         let Some(block) = s.blocks.get(block_idx) else {
-            log!(P0,
+            log!(
+                P0,
                 "Cannot find block with id: {}. The block id was associated \
                 with the timestamp: {} and was selected for pruning from \
                 the timestamp and hashes pools",
diff --git a/cycles-ledger/tests/tests.rs b/cycles-ledger/tests/tests.rs
index aa7aa65..3724f23 100644
--- a/cycles-ledger/tests/tests.rs
+++ b/cycles-ledger/tests/tests.rs
@@ -69,7 +69,7 @@ fn new_state_machine() -> StateMachine {
         let platform: &str = "darwin";
         #[cfg(target_os = "linux")]
         let platform: &str = "linux";
-        let suggested_ic_commit = "a17247bd86c7aa4e87742bf74d108614580f216d";
+        let suggested_ic_commit = "072b2a6586c409efa88f2244d658307ff3a645d8";
 
         // not run automatically because parallel test execution screws this up
         panic!("state machine binary does not exist. Please run the following command and try again: ./download-state-machine.sh {suggested_ic_commit} {platform}");
@@ -128,7 +128,10 @@ fn install_fake_cmc(env: &StateMachine) {
             })
             .unwrap(),
         )
-        .unwrap() else {panic!("Failed to create CMC")};
+        .unwrap()
+    else {
+        panic!("Failed to create CMC")
+    };
     let response = Decode!(&response, ProvisionalCreateResponse).unwrap();
     assert_eq!(response.canister_id, CMC_PRINCIPAL);
     env.add_cycles(CMC_PRINCIPAL, u128::MAX / 2);
@@ -1685,6 +1688,7 @@ fn test_icrc1_test_suite() {
     assert_eq!(deposit_res.balance, 1_000_000_000_000_000_u128);
     assert_eq!(1_000_000_000_000_000, balance_of(&env, ledger_id, user));
 
+    #[allow(clippy::arc_with_non_send_sync)]
     let ledger_env =
         icrc1_test_env_state_machine::SMLedger::new(Arc::new(env), ledger_id, user.owner);
     let tests = icrc1_test_suite::test_suite(ledger_env)
@@ -2006,10 +2010,12 @@ fn test_create_canister() {
         "No duplicate reported"
     );
     let CreateCanisterError::Duplicate {
-            canister_id: Some(duplicate_canister_id),
-            ..
-        }
-     = duplicate else {panic!("No duplicate canister reported")};
+        canister_id: Some(duplicate_canister_id),
+        ..
+    } = duplicate
+    else {
+        panic!("No duplicate canister reported")
+    };
     assert_eq!(
         canister, duplicate_canister_id,
         "Different canister id returned"
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index cb3cd68..781cb34 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,4 +1,4 @@
 [toolchain]
-channel = "1.71.1"
+channel = "1.72.0"
 targets = ["wasm32-unknown-unknown"]
 components = ["rustfmt", "clippy"]