diff --git a/.github/workflows/ci.generate.ts b/.github/workflows/ci.generate.ts
index 37a473cab7..bad5532ada 100755
--- a/.github/workflows/ci.generate.ts
+++ b/.github/workflows/ci.generate.ts
@@ -5,7 +5,7 @@ import * as yaml from "https://deno.land/std@0.173.0/encoding/yaml.ts";
 // Bump this number when you want to purge the cache.
 // Note: the tools/release/01_bump_crate_versions.ts script will update this version
 // automatically via regex, so ensure that this line maintains this format.
-const cacheVersion = 62;
+const cacheVersion = 63;
 
 const ubuntuRunner = "ubuntu-22.04";
 const ubuntuXlRunner = "ubuntu-22.04-xl";
diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index 88e194b0cc..80f8005b8c 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -329,8 +329,8 @@ jobs:
           path: |-
             ~/.cargo/registry/index
             ~/.cargo/registry/cache
-          key: '62-cargo-home-${{ matrix.os }}-${{ hashFiles(''Cargo.lock'') }}'
-          restore-keys: '62-cargo-home-${{ matrix.os }}'
+          key: '63-cargo-home-${{ matrix.os }}-${{ hashFiles(''Cargo.lock'') }}'
+          restore-keys: '63-cargo-home-${{ matrix.os }}'
         if: '!(matrix.skip)'
       - name: Restore cache build output (PR)
         uses: actions/cache/restore@v3
@@ -342,7 +342,7 @@ jobs:
             !./target/*/*.zip
             !./target/*/*.tar.gz
           key: never_saved
-          restore-keys: '62-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-'
+          restore-keys: '63-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-'
       - name: Apply and update mtime cache
         if: '!(matrix.skip) && (!startsWith(github.ref, ''refs/tags/''))'
         uses: ./.github/mtime_cache
@@ -639,7 +639,7 @@ jobs:
             !./target/*/gn_out
             !./target/*/*.zip
             !./target/*/*.tar.gz
-          key: '62-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-${{ github.sha }}'
+          key: '63-cargo-target-${{ matrix.os }}-${{ matrix.profile }}-${{ matrix.job }}-${{ github.sha }}'
   publish-canary:
     name: publish canary
     runs-on: ubuntu-22.04
diff --git a/rust-toolchain.toml b/rust-toolchain.toml
index 9e137c1e6f..4bd1ede5ba 100644
--- a/rust-toolchain.toml
+++ b/rust-toolchain.toml
@@ -1,3 +1,3 @@
 [toolchain]
-channel = "1.74.0"
+channel = "1.74.1"
 components = ["rustfmt", "clippy"]