diff --git a/Cargo.lock b/Cargo.lock
index aa0bc0164e223..89a54b39ad683 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1665,7 +1665,6 @@ dependencies = [
  "allocator-api2",
  "equivalent",
  "foldhash 0.1.5",
- "serde",
 ]
 
 [[package]]
@@ -1675,6 +1674,8 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "841d1cc9bed7f9236f321df977030373f4a4163ae1a7dbfe1a51a2c1a51d9100"
 dependencies = [
  "foldhash 0.2.0",
+ "serde",
+ "serde_core",
 ]
 
 [[package]]
@@ -1898,9 +1899,9 @@ dependencies = [
 
 [[package]]
 name = "id-arena"
-version = "2.2.1"
+version = "2.3.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "25a2bc672d1148e28034f176e01fffebb08b35768468cc954630da77a1449005"
+checksum = "3d3067d79b975e8844ca9eb072e16b31c3c1c36928edf9c6789548c524d0d954"
 
 [[package]]
 name = "ident_case"
@@ -6154,9 +6155,9 @@ dependencies = [
 
 [[package]]
 name = "wasm-component-ld"
-version = "0.5.20"
+version = "0.5.21"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "846d20ed66ae37b7a237e36dfcd2fdc979eae82a46cdb0586f9bba80782fd789"
+checksum = "59dcd765f510df84d1677a502c49057761486597a95950b4c92153e5707af091"
 dependencies = [
  "anyhow",
  "clap",
@@ -6165,7 +6166,7 @@ dependencies = [
  "libc",
  "tempfile",
  "wasi-preview1-component-adapter-provider",
- "wasmparser 0.243.0",
+ "wasmparser 0.245.1",
  "wat",
  "windows-sys 0.61.2",
  "winsplit",
@@ -6192,24 +6193,24 @@ dependencies = [
 
 [[package]]
 name = "wasm-encoder"
-version = "0.243.0"
+version = "0.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c55db9c896d70bd9fa535ce83cd4e1f2ec3726b0edd2142079f594fc3be1cb35"
+checksum = "3f9dca005e69bf015e45577e415b9af8c67e8ee3c0e38b5b0add5aa92581ed5c"
 dependencies = [
  "leb128fmt",
- "wasmparser 0.243.0",
+ "wasmparser 0.245.1",
 ]
 
 [[package]]
 name = "wasm-metadata"
-version = "0.243.0"
+version = "0.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "eae05bf9579f45a62e8d0a4e3f52eaa8da518883ac5afa482ec8256c329ecd56"
+checksum = "da55e60097e8b37b475a0fa35c3420dd71d9eb7bd66109978ab55faf56a57efb"
 dependencies = [
  "anyhow",
  "indexmap",
- "wasm-encoder 0.243.0",
- "wasmparser 0.243.0",
+ "wasm-encoder 0.245.1",
+ "wasmparser 0.245.1",
 ]
 
 [[package]]
@@ -6234,12 +6235,12 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.243.0"
+version = "0.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f6d8db401b0528ec316dfbe579e6ab4152d61739cfe076706d2009127970159d"
+checksum = "4f08c9adee0428b7bddf3890fc27e015ac4b761cc608c822667102b8bfd6995e"
 dependencies = [
  "bitflags",
- "hashbrown 0.15.5",
+ "hashbrown 0.16.1",
  "indexmap",
  "semver",
  "serde",
@@ -6247,22 +6248,22 @@ dependencies = [
 
 [[package]]
 name = "wast"
-version = "243.0.0"
+version = "245.0.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "df21d01c2d91e46cb7a221d79e58a2d210ea02020d57c092e79255cc2999ca7f"
+checksum = "28cf1149285569120b8ce39db8b465e8a2b55c34cbb586bd977e43e2bc7300bf"
 dependencies = [
  "bumpalo",
  "leb128fmt",
  "memchr",
  "unicode-width 0.2.2",
- "wasm-encoder 0.243.0",
+ "wasm-encoder 0.245.1",
 ]
 
 [[package]]
 name = "wat"
-version = "1.243.0"
+version = "1.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "226a9a91cd80a50449312fef0c75c23478fcecfcc4092bdebe1dc8e760ef521b"
+checksum = "cd48d1679b6858988cb96b154dda0ec5bbb09275b71db46057be37332d5477be"
 dependencies = [
  "wast",
 ]
@@ -6709,9 +6710,9 @@ dependencies = [
 
 [[package]]
 name = "wit-component"
-version = "0.243.0"
+version = "0.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "36f9fc53513e461ce51dcf17a3e331752cb829f1d187069e54af5608fc998fe4"
+checksum = "4894f10d2d5cbc17c77e91f86a1e48e191a788da4425293b55c98b44ba3fcac9"
 dependencies = [
  "anyhow",
  "bitflags",
@@ -6720,19 +6721,20 @@ dependencies = [
  "serde",
  "serde_derive",
  "serde_json",
- "wasm-encoder 0.243.0",
+ "wasm-encoder 0.245.1",
  "wasm-metadata",
- "wasmparser 0.243.0",
+ "wasmparser 0.245.1",
  "wit-parser",
 ]
 
 [[package]]
 name = "wit-parser"
-version = "0.243.0"
+version = "0.245.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "df983a8608e513d8997f435bb74207bf0933d0e49ca97aa9d8a6157164b9b7fc"
+checksum = "330698718e82983499419494dd1e3d7811a457a9bf9f69734e8c5f07a2547929"
 dependencies = [
  "anyhow",
+ "hashbrown 0.16.1",
  "id-arena",
  "indexmap",
  "log",
@@ -6741,7 +6743,7 @@ dependencies = [
  "serde_derive",
  "serde_json",
  "unicode-xid",
- "wasmparser 0.243.0",
+ "wasmparser 0.245.1",
 ]
 
 [[package]]
diff --git a/src/tools/wasm-component-ld/Cargo.toml b/src/tools/wasm-component-ld/Cargo.toml
index 2d44358c74334..3f20b9e3fa12e 100644
--- a/src/tools/wasm-component-ld/Cargo.toml
+++ b/src/tools/wasm-component-ld/Cargo.toml
@@ -10,4 +10,4 @@ name = "wasm-component-ld"
 path = "src/main.rs"
 
 [dependencies]
-wasm-component-ld = "0.5.20"
+wasm-component-ld = "0.5.21"