diff --git a/deps/kwasm_release b/deps/kwasm_release
index 9dd17933..a52e0416 100644
--- a/deps/kwasm_release
+++ b/deps/kwasm_release
@@ -1 +1 @@
-0.1.34
+0.1.35
diff --git a/deps/wasm-semantics b/deps/wasm-semantics
index ea2fbb31..b779976e 160000
--- a/deps/wasm-semantics
+++ b/deps/wasm-semantics
@@ -1 +1 @@
-Subproject commit ea2fbb31597b996237933ebf18926565867ad11c
+Subproject commit b779976e85b05a14386ee8ae5f0f563c9ffab7a8
diff --git a/kmultiversx/poetry.lock b/kmultiversx/poetry.lock
index 8ed96fd0..bdd0f9ae 100644
--- a/kmultiversx/poetry.lock
+++ b/kmultiversx/poetry.lock
@@ -998,7 +998,7 @@ subdirectory = "pyk"
 
 [[package]]
 name = "pykwasm"
-version = "0.1.34"
+version = "0.1.35"
 description = ""
 optional = false
 python-versions = "^3.10"
@@ -1014,8 +1014,8 @@ pyk = {git = "https://github.com/runtimeverification/k.git", tag = "v7.0.9", sub
 [package.source]
 type = "git"
 url = "https://github.com/runtimeverification/wasm-semantics.git"
-reference = "v0.1.34"
-resolved_reference = "ea2fbb31597b996237933ebf18926565867ad11c"
+reference = "v0.1.35"
+resolved_reference = "b779976e85b05a14386ee8ae5f0f563c9ffab7a8"
 subdirectory = "pykwasm"
 
 [[package]]
@@ -1293,4 +1293,4 @@ testing = ["big-O", "jaraco.functools", "jaraco.itertools", "more-itertools", "p
 [metadata]
 lock-version = "2.0"
 python-versions = "^3.10"
-content-hash = "abd9edf456634073fd48fa67ed42b262d6399845a8ab905370631575cbedc30f"
+content-hash = "050e865f829453392255e4fbff58fd31b8d0c3012ef232e925503b409e938705"
diff --git a/kmultiversx/pyproject.toml b/kmultiversx/pyproject.toml
index e691746a..2b21af2e 100644
--- a/kmultiversx/pyproject.toml
+++ b/kmultiversx/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "poetry.core.masonry.api"
 
 [tool.poetry]
 name = "kmultiversx"
-version = "0.1.36"
+version = "0.1.37"
 description = "Python tools for Elrond semantics"
 authors = [
     "Runtime Verification, Inc. <contact@runtimeverification.com>",
@@ -20,7 +20,7 @@ mx-semantics = "kmultiversx.kdist.plugin"
 
 [tool.poetry.dependencies]
 python = "^3.10"
-pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "v0.1.34", subdirectory = "pykwasm" }
+pykwasm = { git = "https://github.com/runtimeverification/wasm-semantics.git", tag = "v0.1.35", subdirectory = "pykwasm" }
 pycryptodomex = "^3.18.0"
 hypothesis = "^6.82.6"
 
diff --git a/package/version b/package/version
index 072d0fa3..9f42295f 100644
--- a/package/version
+++ b/package/version
@@ -1 +1 @@
-0.1.36
+0.1.37