diff --git a/Cargo.lock b/Cargo.lock
index 5172c1afd..ff65c605a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1573,7 +1573,7 @@ dependencies = [
  "sp-application-crypto 37.0.0",
  "sp-core 34.0.0",
  "sp-io 37.0.0",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-runtime-interface 28.0.0",
  "sp-std",
  "sp-storage 21.0.0",
@@ -1606,7 +1606,7 @@ dependencies = [
  "sp-arithmetic 26.0.0",
  "sp-core 34.0.0",
  "sp-npos-elections",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-std",
 ]
 
@@ -1665,7 +1665,7 @@ dependencies = [
  "sp-inherents",
  "sp-io 37.0.0",
  "sp-metadata-ir",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-staking",
  "sp-state-machine 0.42.0",
  "sp-std",
@@ -1734,7 +1734,7 @@ dependencies = [
  "serde",
  "sp-core 34.0.0",
  "sp-io 37.0.0",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-std",
  "sp-version",
  "sp-weights 31.0.0",
@@ -2903,7 +2903,7 @@ dependencies = [
  "sp-core 34.0.0",
  "sp-io 37.0.0",
  "sp-npos-elections",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-std",
  "strum",
 ]
@@ -2919,7 +2919,7 @@ dependencies = [
  "frame-system",
  "parity-scale-codec",
  "sp-npos-elections",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-std",
 ]
 
@@ -3114,7 +3114,7 @@ dependencies = [
  "serde",
  "serde_json",
  "sp-npos-elections",
- "sp-runtime 38.0.0",
+ "sp-runtime 39.0.0",
  "sp-storage 21.0.0",
  "subxt",
  "thiserror",
@@ -4319,7 +4319,7 @@ dependencies = [
  "sp-core 34.0.0",
  "sp-externalities 0.29.0",
  "sp-metadata-ir",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-runtime-interface 28.0.0",
  "sp-state-machine 0.42.0",
  "sp-std",
@@ -4371,6 +4371,19 @@ dependencies = [
  "sp-std",
 ]
 
+[[package]]
+name = "sp-application-crypto"
+version = "38.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0d8133012faa5f75b2f0b1619d9f720c1424ac477152c143e5f7dbde2fe1a958"
+dependencies = [
+ "parity-scale-codec",
+ "scale-info",
+ "serde",
+ "sp-core 34.0.0",
+ "sp-io 38.0.0",
+]
+
 [[package]]
 name = "sp-arithmetic"
 version = "25.0.0"
@@ -4565,7 +4578,7 @@ dependencies = [
  "scale-info",
  "serde_json",
  "sp-api",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
 ]
 
 [[package]]
@@ -4578,7 +4591,7 @@ dependencies = [
  "impl-trait-for-tuples",
  "parity-scale-codec",
  "scale-info",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "thiserror",
 ]
 
@@ -4636,6 +4649,33 @@ dependencies = [
  "tracing-core",
 ]
 
+[[package]]
+name = "sp-io"
+version = "38.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "59ef7eb561bb4839cc8424ce58c5ea236cbcca83f26fcc0426d8decfe8aa97d4"
+dependencies = [
+ "bytes",
+ "docify",
+ "ed25519-dalek",
+ "libsecp256k1",
+ "log",
+ "parity-scale-codec",
+ "polkavm-derive 0.9.1",
+ "rustversion",
+ "secp256k1",
+ "sp-core 34.0.0",
+ "sp-crypto-hashing",
+ "sp-externalities 0.29.0",
+ "sp-keystore 0.40.0",
+ "sp-runtime-interface 28.0.0",
+ "sp-state-machine 0.43.0",
+ "sp-tracing 17.0.0",
+ "sp-trie 37.0.0",
+ "tracing",
+ "tracing-core",
+]
+
 [[package]]
 name = "sp-keystore"
 version = "0.37.0"
@@ -4682,7 +4722,7 @@ dependencies = [
  "serde",
  "sp-arithmetic 26.0.0",
  "sp-core 34.0.0",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
 ]
 
 [[package]]
@@ -4723,9 +4763,9 @@ dependencies = [
 
 [[package]]
 name = "sp-runtime"
-version = "38.0.0"
+version = "38.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "89ef409c414546b655ec1e94aaea178e4a97e21284a91b24c762aebf836d3b49"
+checksum = "5273900f0b0bef48b2e1ff9c4fb5e188b8168ee5891418a427f4be2af92ee40f"
 dependencies = [
  "docify",
  "either",
@@ -4745,6 +4785,34 @@ dependencies = [
  "sp-io 37.0.0",
  "sp-std",
  "sp-weights 31.0.0",
+ "tracing",
+]
+
+[[package]]
+name = "sp-runtime"
+version = "39.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d5641385c2cd8e2252aacf35e0aff2f236331dfaea8dc11c5a4ec6bb36544450"
+dependencies = [
+ "docify",
+ "either",
+ "hash256-std-hasher",
+ "impl-trait-for-tuples",
+ "log",
+ "num-traits",
+ "parity-scale-codec",
+ "paste",
+ "rand",
+ "scale-info",
+ "serde",
+ "simple-mermaid",
+ "sp-application-crypto 38.0.0",
+ "sp-arithmetic 26.0.0",
+ "sp-core 34.0.0",
+ "sp-io 38.0.0",
+ "sp-std",
+ "sp-weights 31.0.0",
+ "tracing",
 ]
 
 [[package]]
@@ -4812,7 +4880,7 @@ dependencies = [
  "scale-info",
  "serde",
  "sp-core 34.0.0",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
 ]
 
 [[package]]
@@ -4858,6 +4926,27 @@ dependencies = [
  "trie-db 0.29.1",
 ]
 
+[[package]]
+name = "sp-state-machine"
+version = "0.43.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "930104d6ae882626e8880d9b1578da9300655d337a3ffb45e130c608b6c89660"
+dependencies = [
+ "hash-db",
+ "log",
+ "parity-scale-codec",
+ "parking_lot",
+ "rand",
+ "smallvec",
+ "sp-core 34.0.0",
+ "sp-externalities 0.29.0",
+ "sp-panic-handler",
+ "sp-trie 37.0.0",
+ "thiserror",
+ "tracing",
+ "trie-db 0.29.1",
+]
+
 [[package]]
 name = "sp-std"
 version = "14.0.0"
@@ -4965,6 +5054,30 @@ dependencies = [
  "trie-root",
 ]
 
+[[package]]
+name = "sp-trie"
+version = "37.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6282aef9f4b6ecd95a67a45bcdb67a71f4a4155c09a53c10add4ffe823db18cd"
+dependencies = [
+ "ahash 0.8.11",
+ "hash-db",
+ "lazy_static",
+ "memory-db",
+ "nohash-hasher",
+ "parity-scale-codec",
+ "parking_lot",
+ "rand",
+ "scale-info",
+ "schnellru",
+ "sp-core 34.0.0",
+ "sp-externalities 0.29.0",
+ "thiserror",
+ "tracing",
+ "trie-db 0.29.1",
+ "trie-root",
+]
+
 [[package]]
 name = "sp-version"
 version = "36.0.0"
@@ -4977,7 +5090,7 @@ dependencies = [
  "scale-info",
  "serde",
  "sp-crypto-hashing-proc-macro",
- "sp-runtime 38.0.0",
+ "sp-runtime 38.0.1",
  "sp-std",
  "sp-version-proc-macro",
  "thiserror",
diff --git a/Cargo.toml b/Cargo.toml
index 782000350..fabd2e617 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -32,7 +32,7 @@ frame-election-provider-support = "35.0.0"
 pallet-election-provider-multi-phase = "34.0.0"
 sp-npos-elections = "33.0.0"
 frame-support = "35.0.0"
-sp-runtime = "38.0.0"
+sp-runtime = "39.0.0"
 
 # prometheus
 prometheus = "0.13"