diff --git a/CHANGELOG.md b/CHANGELOG.md
index b5e28840..44a596ac 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -17,7 +17,13 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## Unreleased
 
-## [0.16.1](https://github.com/o1-labs/zkapp-cli/compare/v16.0...v16.1) - 2024-01-XX
+## [0.16.2](https://github.com/o1-labs/zkapp-cli/compare/v16.1...v16.2) - 2024-02-03
+
+### Changed
+
+- Dependencies updated. [#573](https://github.com/o1-labs/zkapp-cli/pull/573)
+
+## [0.16.1](https://github.com/o1-labs/zkapp-cli/compare/v16.0...v16.1) - 2024-02-01
 
 ### Added
 
diff --git a/package-lock.json b/package-lock.json
index bc7ad543..447b66da 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,24 +1,24 @@
 {
   "name": "zkapp-cli",
-  "version": "0.16.1",
+  "version": "0.16.2",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "zkapp-cli",
-      "version": "0.16.1",
+      "version": "0.16.2",
       "license": "Apache-2.0",
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         "decompress": "^4.2.1",
         "enquirer": "^2.4.1",
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         "gittar": "^0.1.1",
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-        "o1js": "^0.15.*",
+        "o1js": "^0.16.*",
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         "ora": "^8.0.1",
         "shelljs": "^0.8.5",
@@ -31,10 +31,10 @@
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       },
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@@ -5620,9 +5620,9 @@
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-          "integrity": "sha512-GPQHj7row82Hjo9hKZieKcHIhaAIKOJvFSIZXuCU9OASVZrMNUaZuz++SPVrBjnLsnk4k+z9f2EIypgxf2vNFw==",
+          "version": "7.1.0",
+          "resolved": "https://registry.npmjs.org/string-width/-/string-width-7.1.0.tgz",
+          "integrity": "sha512-SEIJCWiX7Kg4c129n48aDRwLbFb2LJmXXFrWBG4NGaRtMQ3myKPKbwrD1BKqQn74oCoNMBVrfDEr5M9YxCsrkw==",
           "dev": true,
           "requires": {
             "emoji-regex": "^10.3.0",
@@ -11615,9 +11615,9 @@
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     },
     "o1js": {
-      "version": "0.15.4",
-      "resolved": "https://registry.npmjs.org/o1js/-/o1js-0.15.4.tgz",
-      "integrity": "sha512-70/9NI+Nq4WCFnhYOj2RUynOOqdH0I4wCGxOlmem7GLL2qgj3r/w6DiMV8ZQVjG/MSEyjXxcmEwQpa5R2ef34A==",
+      "version": "0.16.0",
+      "resolved": "https://registry.npmjs.org/o1js/-/o1js-0.16.0.tgz",
+      "integrity": "sha512-H6fKHLgH68v18De0tZydQKqF2bOIvF+EsPHJ+P53dJDOaS7Dlp8Uf4hGVo8S8luCfYsFvCdDGU3YwfegfCk6TQ==",
       "requires": {
         "blakejs": "1.2.1",
         "cachedir": "^2.4.0",
@@ -11915,13 +11915,13 @@
       }
     },
     "playwright": {
-      "version": "1.41.1",
-      "resolved": "https://registry.npmjs.org/playwright/-/playwright-1.41.1.tgz",
-      "integrity": "sha512-gdZAWG97oUnbBdRL3GuBvX3nDDmUOuqzV/D24dytqlKt+eI5KbwusluZRGljx1YoJKZ2NRPaeWiFTeGZO7SosQ==",
+      "version": "1.41.2",
+      "resolved": "https://registry.npmjs.org/playwright/-/playwright-1.41.2.tgz",
+      "integrity": "sha512-v0bOa6H2GJChDL8pAeLa/LZC4feoAMbSQm1/jF/ySsWWoaNItvrMP7GEkvEEFyCTUYKMxjQKaTSg5up7nR6/8A==",
       "dev": true,
       "requires": {
         "fsevents": "2.3.2",
-        "playwright-core": "1.41.1"
+        "playwright-core": "1.41.2"
       },
       "dependencies": {
         "fsevents": {
@@ -11934,9 +11934,9 @@
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     },
     "playwright-core": {
-      "version": "1.41.1",
-      "resolved": "https://registry.npmjs.org/playwright-core/-/playwright-core-1.41.1.tgz",
-      "integrity": "sha512-/KPO5DzXSMlxSX77wy+HihKGOunh3hqndhqeo/nMxfigiKzogn8kfL0ZBDu0L1RKgan5XHCPmn6zXd2NUJgjhg==",
+      "version": "1.41.2",
+      "resolved": "https://registry.npmjs.org/playwright-core/-/playwright-core-1.41.2.tgz",
+      "integrity": "sha512-VaTvwCA4Y8kxEe+kfm2+uUUw5Lubf38RxF7FpBxLPmGe5sdNkSg5e3ChEigaGrX7qdqT3pt2m/98LiyvU2x6CA==",
       "dev": true
     },
     "portfinder": {
@@ -12128,9 +12128,9 @@
       "integrity": "sha512-U9nH88a3fc/ekCF1l0/UP1IosiuIjyTh7hBvXVMHYgVcfGvt897Xguj2UOLDeI5BG2m7/uwyaLVT6fbtCwTyzw=="
     },
     "rfdc": {
-      "version": "1.3.0",
-      "resolved": "https://registry.npmjs.org/rfdc/-/rfdc-1.3.0.tgz",
-      "integrity": "sha512-V2hovdzFbOi77/WajaSMXk2OLm+xNIeQdMMuB7icj7bk6zi2F8GGAxigcnDFpJHbNyNcgyJDiP+8nOrY5cZGrA==",
+      "version": "1.3.1",
+      "resolved": "https://registry.npmjs.org/rfdc/-/rfdc-1.3.1.tgz",
+      "integrity": "sha512-r5a3l5HzYlIC68TpmYKlxWjmOP6wiPJ1vWv2HeLhNsRZMrCkxeqxiHlQ21oXmQ4F3SiryXBHhAD7JZqvOJjFmg==",
       "dev": true
     },
     "rimraf": {
diff --git a/package.json b/package.json
index 6fafc4ed..c2562a2e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "zkapp-cli",
-  "version": "0.16.1",
+  "version": "0.16.2",
   "description": "CLI to create zkApps (zero-knowledge apps) for Mina Protocol",
   "homepage": "https://github.com/o1-labs/zkapp-cli/",
   "keywords": [
@@ -58,13 +58,13 @@
     "chalk": "^5.3.0",
     "decompress": "^4.2.1",
     "enquirer": "^2.4.1",
-    "envinfo": "^7.11.0",
+    "envinfo": "^7.11.1",
     "fast-glob": "^3.3.2",
     "find-npm-prefix": "^1.0.2",
     "fs-extra": "^11.2.0",
     "gittar": "^0.1.1",
     "mina-signer": "^2.1.2",
-    "o1js": "^0.15.*",
+    "o1js": "^0.16.*",
     "opener": "^1.5.2",
     "ora": "^8.0.1",
     "shelljs": "^0.8.5",
@@ -72,10 +72,10 @@
     "yargs": "^17.7.2"
   },
   "devDependencies": {
-    "@playwright/test": "^1.41.1",
+    "@playwright/test": "^1.41.2",
     "@shimkiv/cli-testing-library": "^0.1.7",
     "@types/fs-extra": "^11.0.4",
-    "@types/jest": "^29.5.11",
+    "@types/jest": "^29.5.12",
     "@typescript-eslint/eslint-plugin": "^6.20.0",
     "@typescript-eslint/parser": "^6.20.0",
     "cross-env": "^7.0.3",
@@ -83,9 +83,9 @@
     "eslint-plugin-o1js": "^0.4.0",
     "execa": "^8.0.1",
     "fkill": "^9.0.0",
-    "husky": "^9.0.7",
+    "husky": "^9.0.10",
     "jest": "^29.7.0",
-    "lint-staged": "^15.2.0",
+    "lint-staged": "^15.2.1",
     "portfinder": "^1.0.32",
     "prettier": "^3.2.4",
     "rimraf": "^5.0.5",
diff --git a/templates/project-ts/package.json b/templates/project-ts/package.json
index 206e8186..d8624c1c 100644
--- a/templates/project-ts/package.json
+++ b/templates/project-ts/package.json
@@ -36,7 +36,7 @@
     "typescript": "^4.7.2"
   },
   "peerDependencies": {
-    "o1js": "0.15.*",
+    "o1js": "0.16.*",
     "mina-signer": "^2.1.2"
   }
 }