diff --git a/Cargo.lock b/Cargo.lock
index 8c505bdbdd..4f6fbf0408 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5411,9 +5411,9 @@ dependencies = [
 
 [[package]]
 name = "mocktopus"
-version = "0.7.11"
+version = "0.8.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d1e54a5bbecd61a064cb9c6ef396f8c896aee14e5baba8d1d555f35167dfd7c3"
+checksum = "1e4f0d5a1621fea252541cf67533c4b9c32ee892d790768f4ad48f1063059537"
 dependencies = [
  "mocktopus_macros",
 ]
@@ -13041,9 +13041,9 @@ version = "1.6.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "97fee6b57c6a41524a810daee9286c02d7752c4253064d0b05472833a438f675"
 dependencies = [
- "cfg-if 0.1.10",
+ "cfg-if 1.0.0",
  "digest 0.10.6",
- "rand 0.6.5",
+ "rand 0.8.5",
  "static_assertions",
 ]
 
diff --git a/crates/annuity/Cargo.toml b/crates/annuity/Cargo.toml
index 5c732a8665..c2d4464c90 100644
--- a/crates/annuity/Cargo.toml
+++ b/crates/annuity/Cargo.toml
@@ -25,7 +25,7 @@ frame-system = { git = "https://github.com/paritytech/substrate", branch = "polk
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 rand = "0.8.3"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-balances = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/bitcoin/Cargo.toml b/crates/bitcoin/Cargo.toml
index 0155f054f6..dae3401ad1 100644
--- a/crates/bitcoin/Cargo.toml
+++ b/crates/bitcoin/Cargo.toml
@@ -21,7 +21,7 @@ sp-std = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v
 frame-support = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 secp256k1 = { package = "secp256k1", git = "https://github.com/rust-bitcoin/rust-secp256k1", rev = "8e61874", default-features = false, features = ["rand-std"] }
 
 [features]
diff --git a/crates/btc-relay/Cargo.toml b/crates/btc-relay/Cargo.toml
index ed33c92d54..ea4a50639d 100644
--- a/crates/btc-relay/Cargo.toml
+++ b/crates/btc-relay/Cargo.toml
@@ -25,7 +25,7 @@ bitcoin = { path = "../bitcoin", default-features = false }
 security = { path = "../security", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 hex = "0.4.2"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 itertools = "0.10.0"
diff --git a/crates/currency/Cargo.toml b/crates/currency/Cargo.toml
index 97dbfb4088..873a8bcdba 100644
--- a/crates/currency/Cargo.toml
+++ b/crates/currency/Cargo.toml
@@ -26,7 +26,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false }
 
 # for other pallets wanting to mock functions
-mocktopus = {version = "0.7.0", optional = true }
+mocktopus = { version = "0.8.0", optional = true }
 
 [dev-dependencies]
 sp-core = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/escrow/Cargo.toml b/crates/escrow/Cargo.toml
index 5215f514f1..03b7cb8747 100644
--- a/crates/escrow/Cargo.toml
+++ b/crates/escrow/Cargo.toml
@@ -26,7 +26,7 @@ frame-system = { git = "https://github.com/paritytech/substrate", branch = "polk
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 rand = "0.8.3"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-balances = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/fee/Cargo.toml b/crates/fee/Cargo.toml
index b266ae8931..62b317b4fe 100644
--- a/crates/fee/Cargo.toml
+++ b/crates/fee/Cargo.toml
@@ -31,7 +31,7 @@ staking = { path = "../staking", default-features = false }
 primitives = { package = "interbtc-primitives", path = "../../primitives", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-timestamp = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 currency = { path = "../currency", features = ["testing-utils"] }
diff --git a/crates/issue/Cargo.toml b/crates/issue/Cargo.toml
index 905cfb5cc3..396a03cd36 100644
--- a/crates/issue/Cargo.toml
+++ b/crates/issue/Cargo.toml
@@ -40,7 +40,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31" }
 
 # Parachain dependencies
diff --git a/crates/loans/Cargo.toml b/crates/loans/Cargo.toml
index 3cf5f72628..80f46913a4 100644
--- a/crates/loans/Cargo.toml
+++ b/crates/loans/Cargo.toml
@@ -39,7 +39,7 @@ orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-oracle = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 
 [features]
 default = ["std"]
diff --git a/crates/nomination/Cargo.toml b/crates/nomination/Cargo.toml
index 61ef9b44d7..61dad39baa 100644
--- a/crates/nomination/Cargo.toml
+++ b/crates/nomination/Cargo.toml
@@ -38,7 +38,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 
 # Orml dependencies
diff --git a/crates/oracle/Cargo.toml b/crates/oracle/Cargo.toml
index 78dcf2cf2c..a5bd13e009 100644
--- a/crates/oracle/Cargo.toml
+++ b/crates/oracle/Cargo.toml
@@ -28,7 +28,7 @@ currency = { path = "../currency", default-features = false }
 traits = { path = '../traits', default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 
 # Orml dependencies
diff --git a/crates/redeem/Cargo.toml b/crates/redeem/Cargo.toml
index c312e4bf89..e74f7f22d5 100644
--- a/crates/redeem/Cargo.toml
+++ b/crates/redeem/Cargo.toml
@@ -37,7 +37,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31" }
 
 # Parachain dependencies
diff --git a/crates/replace/Cargo.toml b/crates/replace/Cargo.toml
index e69fdb9131..58637c1f35 100644
--- a/crates/replace/Cargo.toml
+++ b/crates/replace/Cargo.toml
@@ -38,7 +38,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31" }
 
 # Parachain dependencies
diff --git a/crates/reward/Cargo.toml b/crates/reward/Cargo.toml
index 18d7f8195e..3660cd2e3a 100644
--- a/crates/reward/Cargo.toml
+++ b/crates/reward/Cargo.toml
@@ -26,7 +26,7 @@ frame-system = { git = "https://github.com/paritytech/substrate", branch = "polk
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 rand = "0.8.3"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-timestamp = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/security/Cargo.toml b/crates/security/Cargo.toml
index 9deb029a84..ff789a0031 100644
--- a/crates/security/Cargo.toml
+++ b/crates/security/Cargo.toml
@@ -18,7 +18,7 @@ frame-support = { git = "https://github.com/paritytech/substrate", branch = "pol
 frame-system = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 sp-io = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 
 [features]
diff --git a/crates/staking/Cargo.toml b/crates/staking/Cargo.toml
index c1fae0307b..c0b8dafa75 100644
--- a/crates/staking/Cargo.toml
+++ b/crates/staking/Cargo.toml
@@ -30,7 +30,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 rand = "0.8.3"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-timestamp = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/supply/Cargo.toml b/crates/supply/Cargo.toml
index da04038438..09f4a7afa5 100644
--- a/crates/supply/Cargo.toml
+++ b/crates/supply/Cargo.toml
@@ -25,7 +25,7 @@ frame-system = { git = "https://github.com/paritytech/substrate", branch = "polk
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false, optional = true }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 rand = "0.8.3"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 pallet-balances = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
diff --git a/crates/vault-registry/Cargo.toml b/crates/vault-registry/Cargo.toml
index 8156029403..8ba6bc7974 100644
--- a/crates/vault-registry/Cargo.toml
+++ b/crates/vault-registry/Cargo.toml
@@ -42,7 +42,7 @@ orml-tokens = { git = "https://github.com/open-web3-stack/open-runtime-module-li
 orml-traits = { git = "https://github.com/open-web3-stack/open-runtime-module-library", rev = "3fcd3cf9e63fe80fd9671912833a900ba09d1cc0", default-features = false }
 
 [dev-dependencies]
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 frame-benchmarking = { git = "https://github.com/paritytech/substrate", branch = "polkadot-v0.9.31", default-features = false }
 currency = { path = "../currency", default-features = false, features = ["testing-utils"] }
 pretty_assertions = "0.7.2"
diff --git a/parachain/runtime/interlay/Cargo.toml b/parachain/runtime/interlay/Cargo.toml
index 3dfc312690..040d4752b0 100644
--- a/parachain/runtime/interlay/Cargo.toml
+++ b/parachain/runtime/interlay/Cargo.toml
@@ -121,7 +121,7 @@ orml-asset-registry= { git = "https://github.com/open-web3-stack/open-runtime-mo
 
 [dev-dependencies]
 hex = '0.4.2'
-mocktopus = '0.7.0'
+mocktopus = "0.8.0"
 serde_json = "1.0"
 
 bitcoin = { path = "../../../crates/bitcoin", default-features = false }
diff --git a/parachain/runtime/kintsugi/Cargo.toml b/parachain/runtime/kintsugi/Cargo.toml
index 600673d789..8dad1c3abe 100644
--- a/parachain/runtime/kintsugi/Cargo.toml
+++ b/parachain/runtime/kintsugi/Cargo.toml
@@ -122,7 +122,7 @@ orml-asset-registry= { git = "https://github.com/open-web3-stack/open-runtime-mo
 
 [dev-dependencies]
 hex = '0.4.2'
-mocktopus = '0.7.0'
+mocktopus = "0.8.0"
 serde_json = "1.0"
 
 bitcoin = { path = "../../../crates/bitcoin", default-features = false }
diff --git a/parachain/runtime/runtime-tests/Cargo.toml b/parachain/runtime/runtime-tests/Cargo.toml
index 68ef59fa20..42a3a2b9b7 100644
--- a/parachain/runtime/runtime-tests/Cargo.toml
+++ b/parachain/runtime/runtime-tests/Cargo.toml
@@ -125,7 +125,7 @@ orml-unknown-tokens = { git = "https://github.com/open-web3-stack/open-runtime-m
 
 [dev-dependencies]
 hex = '0.4.2'
-mocktopus = '0.7.0'
+mocktopus = "0.8.0"
 serde_json = "1.0"
 
 bitcoin = { path = "../../../crates/bitcoin", default-features = false }
diff --git a/parachain/runtime/testnet-interlay/Cargo.toml b/parachain/runtime/testnet-interlay/Cargo.toml
index c1fe7c9990..e293b31616 100644
--- a/parachain/runtime/testnet-interlay/Cargo.toml
+++ b/parachain/runtime/testnet-interlay/Cargo.toml
@@ -123,7 +123,7 @@ orml-asset-registry= { git = "https://github.com/open-web3-stack/open-runtime-mo
 
 [dev-dependencies]
 hex = '0.4.2'
-mocktopus = '0.7.0'
+mocktopus = "0.8.0"
 serde_json = "1.0"
 
 bitcoin = { path = "../../../crates/bitcoin", default-features = false }
diff --git a/parachain/runtime/testnet-kintsugi/Cargo.toml b/parachain/runtime/testnet-kintsugi/Cargo.toml
index b9e5ad98a9..d0b339239d 100644
--- a/parachain/runtime/testnet-kintsugi/Cargo.toml
+++ b/parachain/runtime/testnet-kintsugi/Cargo.toml
@@ -131,7 +131,7 @@ zenlink-swap-router = { git = "https://github.com/interlay/Zenlink-DEX-Module",
 
 [dev-dependencies]
 hex = '0.4.2'
-mocktopus = '0.7.0'
+mocktopus = "0.8.0"
 serde_json = "1.0"
 
 bitcoin = { path = "../../../crates/bitcoin", default-features = false }
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 0dba4b87e5..f80936cb0f 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,4 +1,4 @@
 [toolchain]
-channel = "nightly-2022-06-20"
+channel = "nightly-2022-12-15"
 components = [ "rustfmt", "rls" ]
 targets = [ "wasm32-unknown-unknown" ]
diff --git a/standalone/runtime/Cargo.toml b/standalone/runtime/Cargo.toml
index e1cfe27485..66e72723ec 100644
--- a/standalone/runtime/Cargo.toml
+++ b/standalone/runtime/Cargo.toml
@@ -102,7 +102,7 @@ xcm-builder = { git = "https://github.com/paritytech/polkadot", branch = "releas
 
 [dev-dependencies]
 hex = "0.4.2"
-mocktopus = "0.7.0"
+mocktopus = "0.8.0"
 serde_json = "1.0"
 pretty_assertions = "0.7.2"
 flate2= "1.0"