diff --git a/deps/kevm_release b/deps/kevm_release
index 9bfdbd4b9..c26d704cb 100644
--- a/deps/kevm_release
+++ b/deps/kevm_release
@@ -1 +1 @@
-1.0.705
+1.0.706
diff --git a/flake.lock b/flake.lock
index b64b7d590..ecc9d69d8 100644
--- a/flake.lock
+++ b/flake.lock
@@ -227,11 +227,11 @@
         ]
       },
       "locked": {
-        "lastModified": 1722676286,
-        "narHash": "sha256-wEDJdvwRZF2ErQ33nQ0Lqn/48XrPbaadv56/bM2MSZU=",
+        "lastModified": 1725268290,
+        "narHash": "sha256-Y53z5Sb0XfEuxRnjlexIUkQFwA4JBwfZw83B636NdmQ=",
         "owner": "shazow",
         "repo": "foundry.nix",
-        "rev": "d84c83b1c1722c8742b3d2d84c9386814d75384e",
+        "rev": "e844ebd34940dc0197f9a8b7b13b9e5fe6ac1219",
         "type": "github"
       },
       "original": {
@@ -459,16 +459,16 @@
         ]
       },
       "locked": {
-        "lastModified": 1725017006,
-        "narHash": "sha256-jI2R+EX1kdNUY3m/ChZ5xyfoAghYtIlzrjGOCF4FpKg=",
+        "lastModified": 1725271315,
+        "narHash": "sha256-QarMN6coUghkopIEeMKJsh9C2z68w+yLbuCyueKZaio=",
         "owner": "runtimeverification",
         "repo": "evm-semantics",
-        "rev": "d0204ee50d85f9858984de4847cb5560bfa25929",
+        "rev": "b33854c070637db4da006a75908f75e60c0c3dfd",
         "type": "github"
       },
       "original": {
         "owner": "runtimeverification",
-        "ref": "v1.0.705",
+        "ref": "v1.0.706",
         "repo": "evm-semantics",
         "type": "github"
       }
diff --git a/flake.nix b/flake.nix
index e68b73f5c..dd5d8bea8 100644
--- a/flake.nix
+++ b/flake.nix
@@ -2,7 +2,7 @@
   description = "Kontrol";
 
   inputs = {
-    kevm.url = "github:runtimeverification/evm-semantics/v1.0.705";
+    kevm.url = "github:runtimeverification/evm-semantics/v1.0.706";
     nixpkgs.follows = "kevm/nixpkgs";
     nixpkgs-pyk.follows = "kevm/nixpkgs-pyk";
     k-framework.follows = "kevm/k-framework";
diff --git a/poetry.lock b/poetry.lock
index c13745c45..fd22748f0 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -665,7 +665,7 @@ colors = ["colorama (>=0.4.6)"]
 
 [[package]]
 name = "kevm-pyk"
-version = "1.0.705"
+version = "1.0.706"
 description = ""
 optional = false
 python-versions = "^3.10"
@@ -680,8 +680,8 @@ tomlkit = "^0.11.6"
 [package.source]
 type = "git"
 url = "https://github.com/runtimeverification/evm-semantics.git"
-reference = "v1.0.705"
-resolved_reference = "d0204ee50d85f9858984de4847cb5560bfa25929"
+reference = "v1.0.706"
+resolved_reference = "b33854c070637db4da006a75908f75e60c0c3dfd"
 subdirectory = "kevm-pyk"
 
 [[package]]
@@ -1411,4 +1411,4 @@ type = ["pytest-mypy"]
 [metadata]
 lock-version = "2.0"
 python-versions = "^3.10"
-content-hash = "f75f4b320c8b97e5f7cb3063b09d959b45716368541d4e4f96c350a5d5bfaf8a"
+content-hash = "ee74ff5430c84455ab800518ce199f810cf12ab5a17a56ae07f52ea86d8042dd"
diff --git a/pyproject.toml b/pyproject.toml
index a19cf41ce..fee770dc6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -12,7 +12,7 @@ authors = [
 
 [tool.poetry.dependencies]
 python = "^3.10"
-kevm-pyk = { git = "https://github.com/runtimeverification/evm-semantics.git", tag = "v1.0.705", subdirectory = "kevm-pyk" }
+kevm-pyk = { git = "https://github.com/runtimeverification/evm-semantics.git", tag = "v1.0.706", subdirectory = "kevm-pyk" }
 eth-utils = "^4.1.1"
 pycryptodome = "^3.20.0"