diff --git a/Cargo.lock b/Cargo.lock
index d33302f65..6936fca47 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -711,6 +711,22 @@ dependencies = [
  "zeroize",
 ]
 
+[[package]]
+name = "bitcoin-io"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0b47c4ab7a93edb0c7198c5535ed9b52b63095f4e9b45279c6736cec4b856baf"
+
+[[package]]
+name = "bitcoin_hashes"
+version = "0.14.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bb18c03d0db0247e147a21a6faafd5a7eb851c743db062de72018b6b7e8e4d16"
+dependencies = [
+ "bitcoin-io",
+ "hex-conservative",
+]
+
 [[package]]
 name = "bitflags"
 version = "1.3.2"
@@ -2016,7 +2032,7 @@ dependencies = [
  "eip712-common",
  "ethers-core",
  "primitives-ethereum",
- "secp256k1 0.27.0",
+ "secp256k1 0.31.1",
  "serde_json",
  "sp-core",
 ]
@@ -3543,6 +3559,15 @@ version = "0.4.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "7f24254aa9a54b5c858eaee2f5bccdb46aaf0e486a595ed5fd8f86ba55232a70"
 
+[[package]]
+name = "hex-conservative"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5313b072ce3c597065a808dbf612c4c8e8590bdbf8b579508bf7a762c5eae6cd"
+dependencies = [
+ "arrayvec 0.7.4",
+]
+
 [[package]]
 name = "hex-literal"
 version = "0.4.1"
@@ -5751,7 +5776,7 @@ version = "0.7.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ff32365de1b6743cb203b710788263c44a03de03802daf96092f2da4fe6ba4d7"
 dependencies = [
- "proc-macro-crate 1.1.3",
+ "proc-macro-crate 3.1.0",
  "proc-macro2",
  "quote",
  "syn 2.0.107",
@@ -7408,6 +7433,16 @@ dependencies = [
  "rand_core 0.6.4",
 ]
 
+[[package]]
+name = "rand"
+version = "0.9.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6db2770f06117d490610c7488547d543617b21bfa07796d7a12f6f1bd53850d1"
+dependencies = [
+ "rand_chacha 0.9.0",
+ "rand_core 0.9.3",
+]
+
 [[package]]
 name = "rand_chacha"
 version = "0.2.2"
@@ -7428,6 +7463,16 @@ dependencies = [
  "rand_core 0.6.4",
 ]
 
+[[package]]
+name = "rand_chacha"
+version = "0.9.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d3022b5f1df60f26e1ffddd6c66e8aa15de382ae63b3a0c1bfc0e4d3e3f325cb"
+dependencies = [
+ "ppv-lite86",
+ "rand_core 0.9.3",
+]
+
 [[package]]
 name = "rand_core"
 version = "0.5.1"
@@ -7446,6 +7491,15 @@ dependencies = [
  "getrandom 0.2.15",
 ]
 
+[[package]]
+name = "rand_core"
+version = "0.9.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "99d9a13982dcf210057a8a78572b2217b667c3beacbf3a0d8b454f6f82837d38"
+dependencies = [
+ "getrandom 0.3.4",
+]
+
 [[package]]
 name = "rand_hc"
 version = "0.2.0"
@@ -9152,6 +9206,17 @@ dependencies = [
  "secp256k1-sys 0.8.1",
 ]
 
+[[package]]
+name = "secp256k1"
+version = "0.31.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2c3c81b43dc2d8877c216a3fccf76677ee1ebccd429566d3e67447290d0c42b2"
+dependencies = [
+ "bitcoin_hashes",
+ "rand 0.9.2",
+ "secp256k1-sys 0.11.0",
+]
+
 [[package]]
 name = "secp256k1-sys"
 version = "0.6.1"
@@ -9170,6 +9235,15 @@ dependencies = [
  "cc",
 ]
 
+[[package]]
+name = "secp256k1-sys"
+version = "0.11.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "dcb913707158fadaf0d8702c2db0e857de66eb003ccfdda5924b5f5ac98efb38"
+dependencies = [
+ "cc",
+]
+
 [[package]]
 name = "secrecy"
 version = "0.8.0"
diff --git a/Cargo.toml b/Cargo.toml
index 86425e102..d68d32193 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -50,7 +50,7 @@ reqwest = { version = "0.11", default-features = false }
 rlp = { version = "0.5", default-features = false }
 rustc-hex = { version = "2", default-features = false }
 scale-info = { version = "2.11.6", default-features = false }
-secp256k1 = { version = "0.27", default-features = false }
+secp256k1 = { version = "0.31", default-features = false }
 serde = { version = "1", default-features = false }
 serde_json = { version = "1", default-features = false }
 sha3 = { version = "0.10", default-features = false }
diff --git a/utils/checks/snapshots/features.yaml b/utils/checks/snapshots/features.yaml
index 60ec42106..1284dec20 100644
--- a/utils/checks/snapshots/features.yaml
+++ b/utils/checks/snapshots/features.yaml
@@ -207,6 +207,15 @@
     - pbkdf2
     - secp256k1
     - std
+- name: bitcoin-io 0.1.3
+  features:
+    - alloc
+    - std
+- name: bitcoin_hashes 0.14.0
+  features:
+    - alloc
+    - bitcoin-io
+    - std
 - name: bitflags 1.3.2
   features:
     - default
@@ -1151,7 +1160,8 @@
   features:
     - std
 - name: getrandom 0.3.4
-  features: []
+  features:
+    - std
 - name: ghash 0.5.0
   features: []
 - name: gimli 0.27.3
@@ -1238,6 +1248,10 @@
     - alloc
     - default
     - std
+- name: hex-conservative 0.2.1
+  features:
+    - alloc
+    - std
 - name: hex-literal 0.4.1
   features: []
 - name: hmac 0.11.0
@@ -2350,12 +2364,22 @@
     - small_rng
     - std
     - std_rng
+- name: rand 0.9.2
+  features:
+    - alloc
+    - os_rng
+    - std
+    - std_rng
+    - thread_rng
 - name: rand_chacha 0.2.2
   features:
     - std
 - name: rand_chacha 0.3.1
   features:
     - std
+- name: rand_chacha 0.9.0
+  features:
+    - std
 - name: rand_core 0.5.1
   features:
     - alloc
@@ -2366,6 +2390,10 @@
     - alloc
     - getrandom
     - std
+- name: rand_core 0.9.3
+  features:
+    - os_rng
+    - std
 - name: rand_hc 0.2.0
   features: []
 - name: rand_pcg 0.3.1
@@ -2750,10 +2778,17 @@
     - recovery
     - std
 - name: secp256k1 0.27.0
+  features:
+    - alloc
+- name: secp256k1 0.31.1
   features:
     - alloc
     - default
     - std
+- name: secp256k1-sys 0.11.0
+  features:
+    - alloc
+    - std
 - name: secp256k1-sys 0.6.1
   features:
     - alloc
@@ -2762,7 +2797,6 @@
 - name: secp256k1-sys 0.8.1
   features:
     - alloc
-    - std
 - name: secrecy 0.8.0
   features:
     - alloc