diff --git a/Cargo.lock b/Cargo.lock
index c3619a4c..fc6a5f43 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -326,6 +326,16 @@ dependencies = [
  "windows-targets 0.52.6",
 ]
 
+[[package]]
+name = "base58ck"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2c8d66485a3a2ea485c1913c4572ce0256067a5377ac8c75c4960e1cda98605f"
+dependencies = [
+ "bitcoin-internals",
+ "bitcoin_hashes 0.14.0",
+]
+
 [[package]]
 name = "base64"
 version = "0.13.1"
@@ -358,12 +368,12 @@ checksum = "2fc1fc1a92e0943bfbcd6eb7d32c1b2a79f2f1357eb1e2eee9d7f36d6d7ca44a"
 dependencies = [
  "async-trait",
  "bdk-macros",
- "bitcoin",
+ "bitcoin 0.30.2",
  "electrum-client",
  "getrandom",
  "js-sys",
  "log",
- "miniscript",
+ "miniscript 10.2.0",
  "rand",
  "serde",
  "serde_json",
@@ -388,6 +398,12 @@ version = "0.9.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d86b93f97252c47b41663388e6d155714a9d0c398b99f1005cbc5f978b29f445"
 
+[[package]]
+name = "bech32"
+version = "0.11.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d965446196e3b7decd44aa7ee49e31d630118f90ef12f97900f262eb915c951d"
+
 [[package]]
 name = "bit-set"
 version = "0.8.0"
@@ -410,20 +426,58 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1945a5048598e4189e239d3f809b19bdad4845c4b2ba400d304d2dcf26d2c462"
 dependencies = [
  "base64 0.13.1",
- "bech32",
+ "bech32 0.9.1",
  "bitcoin-private",
- "bitcoin_hashes",
+ "bitcoin_hashes 0.12.0",
  "hex_lit",
- "secp256k1",
+ "secp256k1 0.27.0",
  "serde",
 ]
 
+[[package]]
+name = "bitcoin"
+version = "0.32.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "788902099d47c8682efe6a7afb01c8d58b9794ba66c06affd81c3d6b560743eb"
+dependencies = [
+ "base58ck",
+ "bech32 0.11.0",
+ "bitcoin-internals",
+ "bitcoin-io",
+ "bitcoin-units",
+ "bitcoin_hashes 0.14.0",
+ "hex-conservative",
+ "hex_lit",
+ "secp256k1 0.29.1",
+]
+
+[[package]]
+name = "bitcoin-internals"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "30bdbe14aa07b06e6cfeffc529a1f099e5fbe249524f8125358604df99a4bed2"
+
+[[package]]
+name = "bitcoin-io"
+version = "0.1.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0b47c4ab7a93edb0c7198c5535ed9b52b63095f4e9b45279c6736cec4b856baf"
+
 [[package]]
 name = "bitcoin-private"
 version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "73290177011694f38ec25e165d0387ab7ea749a4b81cd4c80dae5988229f7a57"
 
+[[package]]
+name = "bitcoin-units"
+version = "0.1.2"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5285c8bcaa25876d07f37e3d30c303f2609179716e11d688f51e8f1fe70063e2"
+dependencies = [
+ "bitcoin-internals",
+]
+
 [[package]]
 name = "bitcoin_hashes"
 version = "0.12.0"
@@ -434,6 +488,16 @@ dependencies = [
  "serde",
 ]
 
+[[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 = "bitcoincore-rpc"
 version = "0.17.0"
@@ -454,7 +518,7 @@ version = "0.17.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d30ce6f40fb0a2e8d98522796219282504b7a4b14e2b4c26139a7bea6aec6586"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.30.2",
  "bitcoin-private",
  "serde",
  "serde_json",
@@ -536,7 +600,7 @@ dependencies = [
  "fedimint-tonic-lnd",
  "futures",
  "hex",
- "miniscript",
+ "miniscript 12.3.0",
  "opentelemetry",
  "opentelemetry-otlp",
  "opentelemetry_sdk",
@@ -992,7 +1056,7 @@ version = "0.18.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "6bc133f1c8d829d254f013f946653cbeb2b08674b960146361d1e9b67733ad19"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.30.2",
  "bitcoin-private",
  "byteorder",
  "libc",
@@ -1370,6 +1434,15 @@ 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",
+]
+
 [[package]]
 name = "hex_lit"
 version = "0.1.1"
@@ -2015,11 +2088,21 @@ version = "10.2.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d371924f9eb7aa860ab395baaaa0bcdfa81a32f330b538c4e2c04617b2722fe3"
 dependencies = [
- "bitcoin",
+ "bitcoin 0.30.2",
  "bitcoin-private",
  "serde",
 ]
 
+[[package]]
+name = "miniscript"
+version = "12.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "5bd3c9608217b0d6fa9c9c8ddd875b85ab72bd4311cfc8db35e1b5a08fc11f4d"
+dependencies = [
+ "bech32 0.11.0",
+ "bitcoin 0.32.4",
+]
+
 [[package]]
 name = "miniz_oxide"
 version = "0.8.0"
@@ -3128,12 +3211,22 @@ version = "0.27.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "25996b82292a7a57ed3508f052cfff8640d38d32018784acd714758b43da9c8f"
 dependencies = [
- "bitcoin_hashes",
+ "bitcoin_hashes 0.12.0",
  "rand",
- "secp256k1-sys",
+ "secp256k1-sys 0.8.1",
  "serde",
 ]
 
+[[package]]
+name = "secp256k1"
+version = "0.29.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9465315bc9d4566e1724f0fffcbcc446268cb522e60f9a27bcded6b19c108113"
+dependencies = [
+ "bitcoin_hashes 0.12.0",
+ "secp256k1-sys 0.10.1",
+]
+
 [[package]]
 name = "secp256k1-sys"
 version = "0.8.1"
@@ -3143,6 +3236,15 @@ dependencies = [
  "cc",
 ]
 
+[[package]]
+name = "secp256k1-sys"
+version = "0.10.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "d4387882333d3aa8cb20530a17c69a3752e97837832f34f6dccc760e715001d9"
+dependencies = [
+ "cc",
+]
+
 [[package]]
 name = "serde"
 version = "1.0.215"
diff --git a/Cargo.toml b/Cargo.toml
index 8868890e..b1101ae9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -67,7 +67,7 @@ tempfile = "3.10.1"
 hex = "0.4.3"
 chacha20poly1305 = "0.10.1"
 regex = "1.10.4"
-miniscript = "10.0"
+miniscript = "12.3"
 reqwest-retry = "0.5.0"
 reqwest-middleware = "0.3"
 tonic_lnd = { version = "0.2.0", package = "fedimint-tonic-lnd", features = [