diff --git a/.cargo/config.toml b/.cargo/config.toml
index 7390f1d9cba..6ef693e4f16 100644
--- a/.cargo/config.toml
+++ b/.cargo/config.toml
@@ -44,6 +44,8 @@ tree --no-default-features --depth 1 --edges=features,normal
 # - RUSTSEC-2024-0320: Unmaintained transitive `yaml-rust` dependency of `insta` crate. We only use insta for testing.
 # - RUSTSEC-2024-0370: Unmaintained transitive dependency. Only affects macro generation efficiency.
 # - RUSTSEC-2024-0375: Unmaintained transitive dependency used by clap.
+# - RUSTSEC-2024-0388: Unmaintained transitive dependency `derivative` used by substrate.
+# - RUSTSEC-2024-0384: Unmaintained transitive dependency `instant` used by substrate.
 cf-audit = '''
 audit -D unmaintained -D unsound
     --ignore RUSTSEC-2022-0093
@@ -56,4 +58,6 @@ audit -D unmaintained -D unsound
     --ignore RUSTSEC-2024-0344
     --ignore RUSTSEC-2024-0370
     --ignore RUSTSEC-2024-0375
+    --ignore RUSTSEC-2024-0388
+    --ignore RUSTSEC-2024-0384
 '''
diff --git a/Cargo.lock b/Cargo.lock
index 7e837b12444..79b9e50535d 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -9493,9 +9493,9 @@ dependencies = [
 
 [[package]]
 name = "redis"
-version = "0.27.4"
+version = "0.27.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dc6baebe319ef5e4b470f248335620098d1c2e9261e995be05f56f719ca4bdb2"
+checksum = "81cccf17a692ce51b86564334614d72dcae1def0fd5ecebc9f02956da74352b5"
 dependencies = [
  "arc-swap",
  "async-trait",
@@ -11393,7 +11393,7 @@ version = "0.29.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "9465315bc9d4566e1724f0fffcbcc446268cb522e60f9a27bcded6b19c108113"
 dependencies = [
- "bitcoin_hashes 0.13.0",
+ "bitcoin_hashes 0.14.0",
  "rand",
  "secp256k1-sys 0.10.1",
  "serde",
diff --git a/Cargo.toml b/Cargo.toml
index 8397ffaa0da..2725e4132fc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -125,7 +125,7 @@ quickcheck_macros = { version = "1" }
 quote = { version = "1.0.35" }
 rayon = { version = "1.7.0" }
 rand = { version = "0.8.5", default-features = false }
-redis = { version = "0.27.2" }
+redis = { version = "0.27.5" }
 regex = { version = "1.10.2" }
 reqwest = { version = "0.11.4" }
 rlp = { version = "0.5.2", default-features = false }