diff --git a/.circleci/config.yml b/.circleci/config.yml
index 7b5b96ceb..4e550a4d5 100644
--- a/.circleci/config.yml
+++ b/.circleci/config.yml
@@ -139,7 +139,7 @@ jobs:
     docker:
       # The audit tool might use a more modern Rust version than the build jobs. See
       # "Tooling Rust compiler" in docs/COMPILER_VERSIONS.md
-      - image: cimg/rust:1.81.0
+      - image: cimg/rust:1.83.0
     steps:
       - checkout
       - run:
@@ -152,8 +152,8 @@ jobs:
           command: rustc --version; cargo --version; rustup --version
       - restore_cache:
           keys:
-            - v3-libwasmvm_audit-rust:1.81.0-{{ checksum "libwasmvm/Cargo.lock" }}
-            - v3-libwasmvm_audit-rust:1.81.0-
+            - v3-libwasmvm_audit-rust:1.83.0-{{ checksum "libwasmvm/Cargo.lock" }}
+            - v3-libwasmvm_audit-rust:1.83.0-
       - run:
           name: Install cargo-audit
           command: cargo install --debug cargo-audit --version 0.21.0 --locked
@@ -164,7 +164,7 @@ jobs:
       - save_cache:
           paths:
             - ~/.cargo/registry
-          key: v3-libwasmvm_audit-rust:1.81.0-{{ checksum "libwasmvm/Cargo.lock" }}
+          key: v3-libwasmvm_audit-rust:1.83.0-{{ checksum "libwasmvm/Cargo.lock" }}
 
   format-go:
     docker:
@@ -267,8 +267,7 @@ jobs:
 
   build_shared_library:
     docker:
-      # libwasmvm versions built with 1.81 are broken, so we use 1.82 here
-      - image: cimg/rust:1.82.0
+      - image: cimg/rust:1.83.0
     steps:
       - checkout
       - run:
@@ -456,7 +455,7 @@ workflows:
           matrix:
             parameters:
               # Run with MSRV and some modern stable Rust
-              rust-version: ["1.81.0", "1.82.0"]
+              rust-version: ["1.82.0", "1.83.0"]
       - libwasmvm_audit
       - format-go
       - wasmvm_no_cgo
diff --git a/ibc_test.go b/ibc_test.go
index 4992ee50b..6c343b5cf 100644
--- a/ibc_test.go
+++ b/ibc_test.go
@@ -277,7 +277,7 @@ func TestIBCPacketDispatch(t *testing.T) {
 	var ack2 AcknowledgeDispatch
 	err = json.Unmarshal(prResponse2.Acknowledgement, &ack2)
 	require.NoError(t, err)
-	require.Equal(t, "invalid packet: cosmwasm_std::addresses::Addr not found", ack2.Err)
+	require.Equal(t, "invalid packet: account no-such-channel not found", ack2.Err)
 
 	// check for the expected custom event
 	expected_events := []types.Event{{
@@ -302,8 +302,8 @@ func TestAnalyzeCode(t *testing.T) {
 	report, err := vm.AnalyzeCode(checksum)
 	require.NoError(t, err)
 	require.False(t, report.HasIBCEntryPoints)
-	require.Equal(t, "", report.RequiredCapabilities)
-	require.Equal(t, uint64(42), *report.ContractMigrateVersion)
+	require.Equal(t, "cosmwasm_1_1,cosmwasm_1_2,cosmwasm_1_3,cosmwasm_1_4,cosmwasm_2_0,cosmwasm_2_1,cosmwasm_2_2", report.RequiredCapabilities)
+	require.Equal(t, uint64(0x1a4), *report.ContractMigrateVersion)
 
 	// Store IBC contract
 	wasm2, err := os.ReadFile(IBC_TEST_CONTRACT)
@@ -314,7 +314,7 @@ func TestAnalyzeCode(t *testing.T) {
 	report2, err := vm.AnalyzeCode(checksum2)
 	require.NoError(t, err)
 	require.True(t, report2.HasIBCEntryPoints)
-	require.Equal(t, "iterator,stargate", report2.RequiredCapabilities)
+	require.Equal(t, "cosmwasm_1_1,cosmwasm_1_2,cosmwasm_1_3,cosmwasm_1_4,cosmwasm_2_0,cosmwasm_2_1,cosmwasm_2_2,iterator,stargate", report2.RequiredCapabilities)
 	require.Nil(t, report2.ContractMigrateVersion)
 }
 
diff --git a/internal/api/lib_test.go b/internal/api/lib_test.go
index c008be8b3..ae009a775 100644
--- a/internal/api/lib_test.go
+++ b/internal/api/lib_test.go
@@ -26,7 +26,7 @@ const (
 	TESTING_CACHE_SIZE   = 100                     // MiB
 )
 
-var TESTING_CAPABILITIES = []string{"staking", "stargate", "iterator", "cosmwasm_1_1", "cosmwasm_1_2", "cosmwasm_1_3"}
+var TESTING_CAPABILITIES = []string{"staking", "stargate", "iterator", "cosmwasm_1_1", "cosmwasm_1_2", "cosmwasm_1_3", "cosmwasm_1_4", "cosmwasm_2_0", "cosmwasm_2_1", "cosmwasm_2_2"}
 
 func TestInitAndReleaseCache(t *testing.T) {
 	tmpdir, err := os.MkdirTemp("", "wasmvm-testing")
@@ -694,7 +694,8 @@ func TestExecutePanic(t *testing.T) {
 	store.SetGasMeter(gasMeter2)
 	info = MockInfoBin(t, "fred")
 	_, _, err = Execute(cache, checksum, env, info, []byte(`{"panic":{}}`), &igasMeter2, store, api, &querier, maxGas, TESTING_PRINT_DEBUG)
-	require.ErrorContains(t, err, "RuntimeError: Aborted: panicked at 'This page intentionally faulted'")
+	require.Error(t, err)
+	require.Contains(t, err.Error(), "RuntimeError: Aborted: panicked at src/contract.rs:127:5:\nThis page intentionally faulted")
 }
 
 func TestExecuteUnreachable(t *testing.T) {
@@ -958,7 +959,8 @@ func TestMigrate(t *testing.T) {
 
 	// migrate to a new verifier - alice
 	// we use the same code blob as we are testing hackatom self-migration
-	_, _, err = Migrate(cache, checksum, env, []byte(`{"verifier":"alice"}`), &igasMeter, store, api, &querier, TESTING_GAS_LIMIT, TESTING_PRINT_DEBUG)
+	info = MockInfoBin(t, "admin")
+	_, _, err = MigrateWithInfo(cache, checksum, env, []byte(`{"verifier":"alice"}`), info, &igasMeter, store, api, &querier, TESTING_GAS_LIMIT, TESTING_PRINT_DEBUG)
 	require.NoError(t, err)
 
 	// should update verifier to alice
@@ -988,8 +990,7 @@ func TestMultipleInstances(t *testing.T) {
 	res, cost, err := Instantiate(cache, checksum, env, info, msg, &igasMeter1, store1, api, &querier, TESTING_GAS_LIMIT, TESTING_PRINT_DEBUG)
 	require.NoError(t, err)
 	requireOkResponse(t, res, 0)
-	// we now count wasm gas charges and db writes
-	assert.Equal(t, uint64(0xb0c2cd), cost.UsedInternally)
+	assert.Equal(t, uint64(0xa2aeb8), cost.UsedInternally)
 
 	// instance2 controlled by mary
 	gasMeter2 := NewMockGasMeter(TESTING_GAS_LIMIT)
@@ -1000,14 +1001,14 @@ func TestMultipleInstances(t *testing.T) {
 	res, cost, err = Instantiate(cache, checksum, env, info, msg, &igasMeter2, store2, api, &querier, TESTING_GAS_LIMIT, TESTING_PRINT_DEBUG)
 	require.NoError(t, err)
 	requireOkResponse(t, res, 0)
-	assert.Equal(t, uint64(0xb1760a), cost.UsedInternally)
+	assert.Equal(t, uint64(0xa35f43), cost.UsedInternally)
 
 	// fail to execute store1 with mary
-	resp := exec(t, cache, checksum, "mary", store1, api, querier, 0xa7c5ce)
+	resp := exec(t, cache, checksum, "mary", store1, api, querier, 0x9a2b03)
 	require.Equal(t, "Unauthorized", resp.Err)
 
 	// succeed to execute store1 with fred
-	resp = exec(t, cache, checksum, "fred", store1, api, querier, 0x140e8ad)
+	resp = exec(t, cache, checksum, "fred", store1, api, querier, 0x1281a12)
 	require.Equal(t, "", resp.Err)
 	require.Len(t, resp.Ok.Messages, 1)
 	attributes := resp.Ok.Attributes
@@ -1016,7 +1017,7 @@ func TestMultipleInstances(t *testing.T) {
 	require.Equal(t, "bob", attributes[1].Value)
 
 	// succeed to execute store2 with mary
-	resp = exec(t, cache, checksum, "mary", store2, api, querier, 0x1412b29)
+	resp = exec(t, cache, checksum, "mary", store2, api, querier, 0x12859dc)
 	require.Equal(t, "", resp.Err)
 	require.Len(t, resp.Ok.Messages, 1)
 	attributes = resp.Ok.Attributes
diff --git a/lib_libwasmvm_test.go b/lib_libwasmvm_test.go
index 344ce614f..00d3be3ae 100644
--- a/lib_libwasmvm_test.go
+++ b/lib_libwasmvm_test.go
@@ -23,7 +23,7 @@ const (
 	TESTING_CACHE_SIZE   = 100                     // MiB
 )
 
-var TESTING_CAPABILITIES = []string{"staking", "stargate", "iterator"}
+var TESTING_CAPABILITIES = []string{"staking", "stargate", "iterator", "cosmwasm_1_1", "cosmwasm_1_2", "cosmwasm_1_3", "cosmwasm_1_4", "cosmwasm_2_0", "cosmwasm_2_1", "cosmwasm_2_2"}
 
 const (
 	CYBERPUNK_TEST_CONTRACT = "./testdata/cyberpunk.wasm"
diff --git a/libwasmvm/Cargo.lock b/libwasmvm/Cargo.lock
index a9620a319..fb6392a21 100644
--- a/libwasmvm/Cargo.lock
+++ b/libwasmvm/Cargo.lock
@@ -1,6 +1,6 @@
 # This file is automatically @generated by Cargo.
 # It is not intended for manual editing.
-version = 3
+version = 4
 
 [[package]]
 name = "addr2line"
@@ -435,9 +435,9 @@ dependencies = [
 
 [[package]]
 name = "cc"
-version = "1.2.13"
+version = "1.2.14"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c7777341816418c02e033934a09f20dc0ccaf65a5201ef8a450ae0105a573fda"
+checksum = "0c3d1b2e905a3a7b00a6141adb0e4c0bb941d11caf55349d863942a1cc44e3c9"
 dependencies = [
  "jobserver",
  "libc",
@@ -482,18 +482,18 @@ dependencies = [
 
 [[package]]
 name = "clap"
-version = "4.5.28"
+version = "4.5.30"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3e77c3243bd94243c03672cb5154667347c457ca271254724f9f393aee1c05ff"
+checksum = "92b7b18d71fad5313a1e320fa9897994228ce274b60faa4d694fe0ea89cd9e6d"
 dependencies = [
  "clap_builder",
 ]
 
 [[package]]
 name = "clap_builder"
-version = "4.5.27"
+version = "4.5.30"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1b26884eb4b57140e4d2d93652abfa49498b938b3c9179f9fc487b0acc3edad7"
+checksum = "a35db2071778a7344791a4fb4f95308b5673d219dee3ae348b86642574ecc90c"
 dependencies = [
  "anstream",
  "anstyle",
@@ -556,12 +556,12 @@ dependencies = [
 [[package]]
 name = "cosmwasm-core"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 
 [[package]]
 name = "cosmwasm-crypto"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 dependencies = [
  "ark-bls12-381",
  "ark-ec",
@@ -584,7 +584,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-derive"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -594,7 +594,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-std"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 dependencies = [
  "base64",
  "bech32",
@@ -617,7 +617,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-vm"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 dependencies = [
  "bech32",
  "blake2",
@@ -646,7 +646,7 @@ dependencies = [
 [[package]]
 name = "cosmwasm-vm-derive"
 version = "2.2.0-rc.1"
-source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#f93e5aa895cf503fbfb5d1c9e0138f968f08a3df"
+source = "git+https://github.com/CosmWasm/cosmwasm.git?branch=main#804e1136e790429c9330cd3dbfab42af07d83361"
 dependencies = [
  "blake2",
  "proc-macro2",
@@ -1056,9 +1056,9 @@ dependencies = [
 
 [[package]]
 name = "equivalent"
-version = "1.0.1"
+version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "5443807d6dff69373d433ab9ef5378ad8df50ca6298caf15de6e52e24aaf54d5"
+checksum = "877a4ace8713b0bcf2a4e7eec82529c029f1d0619886d18145fea96c3ffe5c0f"
 
 [[package]]
 name = "errno"
@@ -1642,9 +1642,9 @@ checksum = "68354c5c6bd36d73ff3feceb05efa59b6acb7626617f4962be322a825e61f79a"
 
 [[package]]
 name = "miniz_oxide"
-version = "0.8.3"
+version = "0.8.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b8402cab7aefae129c6977bb0ff1b8fd9a04eb5b51efc50a70bea51cda0c7924"
+checksum = "b3b1c9bd4fe1f0f8b387f6eb9eb3b4a1aa26185e5750efb9140301703f62cd1b"
 dependencies = [
  "adler2",
 ]
@@ -2075,15 +2075,14 @@ dependencies = [
 
 [[package]]
 name = "ring"
-version = "0.17.8"
+version = "0.17.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c17fa4cb658e3583423e915b9f3acc01cceaee1860e33d59ebae66adc3a2dc0d"
+checksum = "e75ec5e92c4d8aede845126adc388046234541629e76029599ed35a003c7ed24"
 dependencies = [
  "cc",
  "cfg-if",
  "getrandom 0.2.15",
  "libc",
- "spin",
  "untrusted",
  "windows-sys 0.52.0",
 ]
@@ -2176,9 +2175,9 @@ dependencies = [
 
 [[package]]
 name = "rustls"
-version = "0.23.22"
+version = "0.23.23"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9fb9263ab4eb695e42321db096e3b8fbd715a59b154d5c88d82db2175b681ba7"
+checksum = "47796c98c480fce5406ef69d1c76378375492c3b0a0de587be0c1d9feb12f395"
 dependencies = [
  "log",
  "once_cell",
@@ -2418,15 +2417,9 @@ checksum = "e3a9fe34e3e7a50316060351f37187a3f546bce95496156754b601a5fa71b76e"
 
 [[package]]
 name = "smallvec"
-version = "1.13.2"
+version = "1.14.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "3c5e1a9a646d36c3599cd173a41282daf47c44583ad367b8e6837255952e5c67"
-
-[[package]]
-name = "spin"
-version = "0.9.8"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6980e8d7511241f8acf4aebddbb1ff938df5eebe98691418c4468d0b72a96a67"
+checksum = "7fcf8323ef1faaee30a44a340193b1ac6814fd9b7b4e88e9d4519a3e4abe1cfd"
 
 [[package]]
 name = "stable_deref_trait"
@@ -2526,9 +2519,9 @@ checksum = "61c41af27dd6d1e27b1b16b489db798443478cef1f06a660c96db617ba5de3b1"
 
 [[package]]
 name = "tempfile"
-version = "3.16.0"
+version = "3.17.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "38c246215d7d24f48ae091a2902398798e05d978b24315d6efbc00ede9a8bb91"
+checksum = "22e5a0acb1f3f55f65cc4a866c361b2fb2a0ff6366785ae6fbb5f85df07ba230"
 dependencies = [
  "cfg-if",
  "fastrand",
@@ -2711,9 +2704,9 @@ dependencies = [
 
 [[package]]
 name = "typenum"
-version = "1.17.0"
+version = "1.18.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "42ff0bf0c66b8238c6f3b578df37d0b7848e55df8577b3f74f92a69acceeb825"
+checksum = "1dccffe3ce07af9386bfd29e80c0ab1a8205a2fc34e4bcd40364df902cfa8f3f"
 
 [[package]]
 name = "unicode-ident"
@@ -2780,9 +2773,9 @@ checksum = "06abde3611657adf66d383f00b093d7faecc7fa57071cce2578660c9f1010821"
 
 [[package]]
 name = "uuid"
-version = "1.13.1"
+version = "1.13.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ced87ca4be083373936a67f8de945faa23b6b42384bd5b64434850802c6dccd0"
+checksum = "8c1f41ffb7cf259f1ecc2876861a17e7142e63ead296f671f81f6ae85903e0d6"
 
 [[package]]
 name = "version_check"
diff --git a/libwasmvm/src/cache.rs b/libwasmvm/src/cache.rs
index 064abcd5b..91883895d 100644
--- a/libwasmvm/src/cache.rs
+++ b/libwasmvm/src/cache.rs
@@ -797,10 +797,10 @@ mod tests {
         assert!(!hackatom_report.has_ibc_entry_points);
         assert_eq!(
             hackatom_report.required_capabilities.consume().unwrap(),
-            b""
+            b"cosmwasm_1_1,cosmwasm_1_2,cosmwasm_1_3,cosmwasm_1_4,cosmwasm_2_0,cosmwasm_2_1,cosmwasm_2_2"
         );
         assert!(hackatom_report.contract_migrate_version.is_some);
-        assert_eq!(hackatom_report.contract_migrate_version.value, 42);
+        assert_eq!(hackatom_report.contract_migrate_version.value, 420);
 
         let mut error_msg: UnmanagedVector = UnmanagedVector::default();
         let ibc_reflect_report = analyze_code(
@@ -813,7 +813,10 @@ mod tests {
         let required_capabilities =
             String::from_utf8_lossy(&ibc_reflect_report.required_capabilities.consume().unwrap())
                 .to_string();
-        assert_eq!(required_capabilities, "iterator,stargate");
+        assert_eq!(
+            required_capabilities,
+            "cosmwasm_1_1,cosmwasm_1_2,cosmwasm_1_3,cosmwasm_1_4,cosmwasm_2_0,cosmwasm_2_1,cosmwasm_2_2,iterator,stargate"
+        );
 
         release_cache(cache_ptr);
     }
diff --git a/libwasmvm/src/tests.rs b/libwasmvm/src/tests.rs
index 5c8a7f179..1d87e11a3 100644
--- a/libwasmvm/src/tests.rs
+++ b/libwasmvm/src/tests.rs
@@ -18,7 +18,7 @@ fn handle_cpu_loop_with_cache() {
     let backend = mock_backend(&[]);
     let options = CacheOptions::new(
         TempDir::new().unwrap().path().to_path_buf(),
-        capabilities_from_csv("staking"),
+        capabilities_from_csv("cosmwasm_1_1,cosmwasm_1_2,cosmwasm_1_3,cosmwasm_1_4,cosmwasm_2_0,cosmwasm_2_1,cosmwasm_2_2,staking,iterator,stargate"),
         MEMORY_CACHE_SIZE,
         MEMORY_LIMIT,
     );
diff --git a/testdata/README.md b/testdata/README.md
index f89f28f7e..76ca7aab3 100644
--- a/testdata/README.md
+++ b/testdata/README.md
@@ -1,8 +1,12 @@
+# Test Contracts
+
+## How to update
+
 Update contracts via e.g.
 
 ```sh
 cd testdata
-./download_releases.sh v0.14.0-beta2
+./download_releases.sh v2.2.0
 ```
 
 This will download the deployed builds [from GitHub releases](https://github.com/CosmWasm/cosmwasm/releases).
diff --git a/testdata/cyberpunk.wasm b/testdata/cyberpunk.wasm
index ea4d73e85..62f4d3d17 100644
Binary files a/testdata/cyberpunk.wasm and b/testdata/cyberpunk.wasm differ
diff --git a/testdata/hackatom.wasm b/testdata/hackatom.wasm
index 580f9cf13..7f0bc22f5 100644
Binary files a/testdata/hackatom.wasm and b/testdata/hackatom.wasm differ
diff --git a/testdata/ibc_reflect.wasm b/testdata/ibc_reflect.wasm
index a4ba226c6..1e8e7e318 100644
Binary files a/testdata/ibc_reflect.wasm and b/testdata/ibc_reflect.wasm differ
diff --git a/testdata/queue.wasm b/testdata/queue.wasm
index c3f22866d..bd725f7ca 100644
Binary files a/testdata/queue.wasm and b/testdata/queue.wasm differ
diff --git a/testdata/reflect.wasm b/testdata/reflect.wasm
index 6aeb62000..4c4af408a 100644
Binary files a/testdata/reflect.wasm and b/testdata/reflect.wasm differ