diff --git a/deps/kevm_release b/deps/kevm_release
index 350396160..2d34cc8d9 100644
--- a/deps/kevm_release
+++ b/deps/kevm_release
@@ -1 +1 @@
-1.0.700
+1.0.701
diff --git a/flake.lock b/flake.lock
index 303259512..f362bd1d4 100644
--- a/flake.lock
+++ b/flake.lock
@@ -49,17 +49,17 @@
         "xbyak": "xbyak"
       },
       "locked": {
-        "lastModified": 1724235936,
-        "narHash": "sha256-vIuI0A78Vkp89NxKdjrY5+qXSiHMOET1l3fZsOqwBbY=",
+        "lastModified": 1724691683,
+        "narHash": "sha256-Npq3ZKA88hoH2dsuz0MTCtVGFrMb0TE3ecx8TLnOzi8=",
         "owner": "runtimeverification",
         "repo": "blockchain-k-plugin",
-        "rev": "44d875a9a36b14529c0bf40e7f36dc4f23429153",
+        "rev": "153c4a03f2493117467440386e549d8c748db6bf",
         "type": "github"
       },
       "original": {
         "owner": "runtimeverification",
         "repo": "blockchain-k-plugin",
-        "rev": "44d875a9a36b14529c0bf40e7f36dc4f23429153",
+        "rev": "153c4a03f2493117467440386e549d8c748db6bf",
         "type": "github"
       }
     },
@@ -369,16 +369,16 @@
         ]
       },
       "locked": {
-        "lastModified": 1724232402,
-        "narHash": "sha256-3bt6T53FIWaQ8ot2tEkaUvc0mPP9h2Jj9guXZBVWq8o=",
+        "lastModified": 1724666348,
+        "narHash": "sha256-uYzqKlfWzfWwdzbdAZAKQ2KX/B4ngVoi+FhUN+c4EkM=",
         "owner": "runtimeverification",
         "repo": "k",
-        "rev": "eb0b1815af0a8c08773ce43c70f9f307624d195f",
+        "rev": "894298664c0609ce775b2c26bc56674c21563f2c",
         "type": "github"
       },
       "original": {
         "owner": "runtimeverification",
-        "ref": "v7.1.114",
+        "ref": "v7.1.121",
         "repo": "k",
         "type": "github"
       }
@@ -459,16 +459,16 @@
         ]
       },
       "locked": {
-        "lastModified": 1724679690,
-        "narHash": "sha256-1Cfv2YZVE69D0UkELjxZCF8zstR4VTY+MzYsrzvnUjk=",
+        "lastModified": 1724735947,
+        "narHash": "sha256-qGx+Sbjwns0dy+aDjJLU9CWFDA44o2s2DAB8iCBu/C8=",
         "owner": "runtimeverification",
         "repo": "evm-semantics",
-        "rev": "a7209a5c25649c4b91c801eb6a349a14ad1ccd3a",
+        "rev": "7b9b4318aee5e34dcc84bd7f4fcb68091c948bb0",
         "type": "github"
       },
       "original": {
         "owner": "runtimeverification",
-        "ref": "v1.0.700",
+        "ref": "v1.0.701",
         "repo": "evm-semantics",
         "type": "github"
       }
@@ -509,16 +509,16 @@
         "utils": "utils"
       },
       "locked": {
-        "lastModified": 1724179030,
-        "narHash": "sha256-bi3/G8BojOQOa9ZI8wVoc4girv8GNYgP/zlY4u/wrwo=",
+        "lastModified": 1724355360,
+        "narHash": "sha256-wy+g2rVUn2dYoZ/JSA8x0cWNWYDxnxLpAzaucjUBciQ=",
         "owner": "runtimeverification",
         "repo": "llvm-backend",
-        "rev": "b9dc4ff8d3510f8ffb09cad2e1c80e2a0e9bb132",
+        "rev": "b9d2a6da360e2b14a60a22928d625f43fb71ae02",
         "type": "github"
       },
       "original": {
         "owner": "runtimeverification",
-        "ref": "v0.1.81",
+        "ref": "v0.1.84",
         "repo": "llvm-backend",
         "type": "github"
       }
diff --git a/flake.nix b/flake.nix
index c02e372f9..b88baa74f 100644
--- a/flake.nix
+++ b/flake.nix
@@ -2,7 +2,7 @@
   description = "Kontrol";
 
   inputs = {
-    kevm.url = "github:runtimeverification/evm-semantics/v1.0.700";
+    kevm.url = "github:runtimeverification/evm-semantics/v1.0.701";
     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 b6715f0e2..11126e67e 100644
--- a/poetry.lock
+++ b/poetry.lock
@@ -665,7 +665,7 @@ colors = ["colorama (>=0.4.6)"]
 
 [[package]]
 name = "kevm-pyk"
-version = "1.0.700"
+version = "1.0.701"
 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 = "v1.0.700"
-resolved_reference = "a7209a5c25649c4b91c801eb6a349a14ad1ccd3a"
+reference = "v1.0.701"
+resolved_reference = "7b9b4318aee5e34dcc84bd7f4fcb68091c948bb0"
 subdirectory = "kevm-pyk"
 
 [[package]]
@@ -1231,13 +1231,13 @@ tokenize-rt = ">=5.2.0"
 
 [[package]]
 name = "rich"
-version = "13.7.1"
+version = "13.8.0"
 description = "Render rich text, tables, progress bars, syntax highlighting, markdown and more to the terminal"
 optional = false
 python-versions = ">=3.7.0"
 files = [
-    {file = "rich-13.7.1-py3-none-any.whl", hash = "sha256:4edbae314f59eb482f54e9e30bf00d33350aaa94f4bfcd4e9e3110e64d0d7222"},
-    {file = "rich-13.7.1.tar.gz", hash = "sha256:9be308cb1fe2f1f57d67ce99e95af38a1e2bc71ad9813b0e247cf7ffbcc3a432"},
+    {file = "rich-13.8.0-py3-none-any.whl", hash = "sha256:2e85306a063b9492dffc86278197a60cbece75bcb766022f3436f567cae11bdc"},
+    {file = "rich-13.8.0.tar.gz", hash = "sha256:a5ac1f1cd448ade0d59cc3356f7db7a7ccda2c8cbae9c7a90c28ff463d3e91f4"},
 ]
 
 [package.dependencies]
@@ -1387,20 +1387,24 @@ files = [
 
 [[package]]
 name = "zipp"
-version = "3.20.0"
+version = "3.20.1"
 description = "Backport of pathlib-compatible object wrapper for zip files"
 optional = false
 python-versions = ">=3.8"
 files = [
-    {file = "zipp-3.20.0-py3-none-any.whl", hash = "sha256:58da6168be89f0be59beb194da1250516fdaa062ccebd30127ac65d30045e10d"},
-    {file = "zipp-3.20.0.tar.gz", hash = "sha256:0145e43d89664cfe1a2e533adc75adafed82fe2da404b4bbb6b026c0157bdb31"},
+    {file = "zipp-3.20.1-py3-none-any.whl", hash = "sha256:9960cd8967c8f85a56f920d5d507274e74f9ff813a0ab8889a5b5be2daf44064"},
+    {file = "zipp-3.20.1.tar.gz", hash = "sha256:c22b14cc4763c5a5b04134207736c107db42e9d3ef2d9779d465f5f1bcba572b"},
 ]
 
 [package.extras]
+check = ["pytest-checkdocs (>=2.4)", "pytest-ruff (>=0.2.1)"]
+cover = ["pytest-cov"]
 doc = ["furo", "jaraco.packaging (>=9.3)", "jaraco.tidelift (>=1.4)", "rst.linker (>=1.9)", "sphinx (>=3.5)", "sphinx-lint"]
-test = ["big-O", "importlib-resources", "jaraco.functools", "jaraco.itertools", "jaraco.test", "more-itertools", "pytest (>=6,!=8.1.*)", "pytest-checkdocs (>=2.4)", "pytest-cov", "pytest-enabler (>=2.2)", "pytest-ignore-flaky", "pytest-mypy", "pytest-ruff (>=0.2.1)"]
+enabler = ["pytest-enabler (>=2.2)"]
+test = ["big-O", "importlib-resources", "jaraco.functools", "jaraco.itertools", "jaraco.test", "more-itertools", "pytest (>=6,!=8.1.*)", "pytest-ignore-flaky"]
+type = ["pytest-mypy"]
 
 [metadata]
 lock-version = "2.0"
 python-versions = "^3.10"
-content-hash = "9288165993bf5836644607735c904b327e2af7014ba8208922ef563bd1573cb1"
+content-hash = "d322a06cd7778b1b2843064d5cc3b71321d0c542b92da457e1f94966ff275de2"
diff --git a/pyproject.toml b/pyproject.toml
index ea5a18f10..faeef6125 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 = "v1.0.700", subdirectory = "kevm-pyk" }
+kevm-pyk = { git = "https://github.com/runtimeverification/evm-semantics.git", tag = "v1.0.701", subdirectory = "kevm-pyk" }
 eth-utils = "^4.1.1"
 pycryptodome = "^3.20.0"