diff --git a/.github/actions/build-dependencies/action.yml b/.github/actions/build-dependencies/action.yml
index 8717be4e..1e5729f2 100644
--- a/.github/actions/build-dependencies/action.yml
+++ b/.github/actions/build-dependencies/action.yml
@@ -10,12 +10,12 @@ inputs:
   rust-toolchain:
     description: "Rust toolchain to install"
     required: false
-    default: 1.73.0
+    default: 1.74.0
 
   rust-components:
     description: "Rust components to install"
     required: false
-    default:
+    default: rust-src, clippy
 
 runs:
   using: "composite"
diff --git a/.github/workflows/daily-deny.yml b/.github/workflows/daily-deny.yml
index 1d102199..5e22ee9c 100644
--- a/.github/workflows/daily-deny.yml
+++ b/.github/workflows/daily-deny.yml
@@ -20,7 +20,7 @@ jobs:
       - name: Install cargo
         uses: dtolnay/rust-toolchain@5cb429dd810e16ff67df78472fa81cf760f4d1c0
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
 
       - name: Install cargo deny
         run: cargo install --locked cargo-deny
diff --git a/.github/workflows/lint.yml b/.github/workflows/lint.yml
index 37a419b3..7808331a 100644
--- a/.github/workflows/lint.yml
+++ b/.github/workflows/lint.yml
@@ -22,7 +22,7 @@ jobs:
         with:
           github-token: ${{ secrets.GITHUB_TOKEN }}
           rust-toolchain: ${{ steps.nightly.outputs.version }}
-          rust-components: clippy
+          rust-components: rust-src, clippy
 
       - name: Run Clippy
         run: cargo clippy --all-features --all-targets -- -D warnings -A clippy::items_after_test_module
@@ -41,7 +41,7 @@ jobs:
       - name: Install cargo
         uses: dtolnay/rust-toolchain@5cb429dd810e16ff67df78472fa81cf760f4d1c0
         with:
-          toolchain: 1.73.0
+          toolchain: 1.74.0
 
       - name: Install cargo deny
         run: cargo install --locked cargo-deny
diff --git a/orchestration/Dockerfile.parts/Dockerfile.serai.build b/orchestration/Dockerfile.parts/Dockerfile.serai.build
index e6ece7a7..87b65cf2 100644
--- a/orchestration/Dockerfile.parts/Dockerfile.serai.build
+++ b/orchestration/Dockerfile.parts/Dockerfile.serai.build
@@ -1,4 +1,4 @@
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/orchestration/coordinator/Dockerfile b/orchestration/coordinator/Dockerfile
index 4284a4e1..7b874ed6 100644
--- a/orchestration/coordinator/Dockerfile
+++ b/orchestration/coordinator/Dockerfile
@@ -8,7 +8,7 @@ RUN git clone https://github.com/microsoft/mimalloc && \
   cmake -DMI_SECURE=ON ../.. && \
   make && \
   cp ./libmimalloc-secure.so ../../../libmimalloc.so
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/orchestration/message-queue/Dockerfile b/orchestration/message-queue/Dockerfile
index 39b0af7a..a35ceaad 100644
--- a/orchestration/message-queue/Dockerfile
+++ b/orchestration/message-queue/Dockerfile
@@ -8,7 +8,7 @@ RUN git clone https://github.com/microsoft/mimalloc && \
   cmake -DMI_SECURE=ON ../.. && \
   make && \
   cp ./libmimalloc-secure.so ../../../libmimalloc.so
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/orchestration/processor/bitcoin/Dockerfile b/orchestration/processor/bitcoin/Dockerfile
index 00c87ba6..3446f2f4 100644
--- a/orchestration/processor/bitcoin/Dockerfile
+++ b/orchestration/processor/bitcoin/Dockerfile
@@ -8,7 +8,7 @@ RUN git clone https://github.com/microsoft/mimalloc && \
   cmake -DMI_SECURE=ON ../.. && \
   make && \
   cp ./libmimalloc-secure.so ../../../libmimalloc.so
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/orchestration/processor/monero/Dockerfile b/orchestration/processor/monero/Dockerfile
index 985b4d43..21003a1c 100644
--- a/orchestration/processor/monero/Dockerfile
+++ b/orchestration/processor/monero/Dockerfile
@@ -8,7 +8,7 @@ RUN git clone https://github.com/microsoft/mimalloc && \
   cmake -DMI_SECURE=ON ../.. && \
   make && \
   cp ./libmimalloc-secure.so ../../../libmimalloc.so
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/orchestration/runtime/Dockerfile b/orchestration/runtime/Dockerfile
index 144c8cac..cbc82552 100644
--- a/orchestration/runtime/Dockerfile
+++ b/orchestration/runtime/Dockerfile
@@ -1,4 +1,4 @@
-FROM rust:1.73.0-slim-bookworm as builder
+FROM rust:1.74.0-slim-bookworm as builder
 
 # Move to a Debian package snapshot
 RUN rm -rf /etc/apt/sources.list.d/debian.sources && \
diff --git a/orchestration/serai/Dockerfile b/orchestration/serai/Dockerfile
index 37caa8a5..883a2227 100644
--- a/orchestration/serai/Dockerfile
+++ b/orchestration/serai/Dockerfile
@@ -8,7 +8,7 @@ RUN git clone https://github.com/microsoft/mimalloc && \
   cmake -DMI_SECURE=ON ../.. && \
   make && \
   cp ./libmimalloc-secure.so ../../../libmimalloc.so
-FROM rust:1.73-slim-bookworm as builder
+FROM rust:1.74-slim-bookworm as builder
 
 COPY --from=mimalloc libmimalloc.so /usr/lib
 RUN echo "/usr/lib/libmimalloc.so" >> /etc/ld.so.preload
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
new file mode 100644
index 00000000..ffac6d61
--- /dev/null
+++ b/rust-toolchain.toml
@@ -0,0 +1,5 @@
+[toolchain]
+channel = "1.74"
+targets = ["wasm32-unknown-unknown"]
+profile = "minimal"
+components = ["rust-src", "rustfmt", "clippy"]