diff --git a/Cargo.lock b/Cargo.lock
index bf3080d122..3adf729ea1 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1035,9 +1035,9 @@ dependencies = [
 
 [[package]]
 name = "cairo-vm"
-version = "1.0.0-rc4"
+version = "1.0.0-rc5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f805c860c1f3831b93787c470e166ca762da9aba00c8b3a373076420f0e8bb2c"
+checksum = "e09134ea1e0be6c1fbd330f0945df0512fa70944fd0b3ecc2f74a6008f01e9da"
 dependencies = [
  "anyhow",
  "bincode",
diff --git a/Cargo.toml b/Cargo.toml
index 75a2444a16..ad5ada4b7f 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -24,7 +24,7 @@ cairo-lang-casm = "2.7.0-rc.1"
 cairo-lang-runner = "2.7.0-rc.1"
 cairo-lang-starknet-classes = "2.7.0-rc.1"
 cairo-lang-utils = "2.7.0-rc.1"
-cairo-vm = "1.0.0-rc4"
+cairo-vm = "1.0.0-rc5"
 criterion = "0.3"
 derive_more = "0.99.17"
 glob = "0.3.1"
diff --git a/crates/blockifier/resources/versioned_constants.json b/crates/blockifier/resources/versioned_constants.json
index 0ec062c975..791dac8b9b 100644
--- a/crates/blockifier/resources/versioned_constants.json
+++ b/crates/blockifier/resources/versioned_constants.json
@@ -8,7 +8,7 @@
         "max_calldata_length": 5000,
         "max_contract_bytecode_size": 81920
     },
-    "invoke_tx_max_n_steps": 10000000,
+    "invoke_tx_max_n_steps": 4000000,
     "l2_resource_gas_costs": {
         "gas_per_data_felt": [
             128,
@@ -19,173 +19,170 @@
             1
         ],
         "gas_per_code_byte": [
-            875,
+            32,
             1000
         ]
     },
-    "disable_cairo0_redeclaration": true,
     "max_recursion_depth": 50,
     "os_constants": {
-        "block_hash_contract_address": 1,
-        "call_contract_gas_cost": {
-            "entry_point_gas_cost": 1,
-            "step_gas_cost": 10,
-            "syscall_base_gas_cost": 1
-        },
+        "nop_entry_point_offset": -1,
+        "entry_point_type_external": 0,
+        "entry_point_type_l1_handler": 1,
+        "entry_point_type_constructor": 2,
+        "l1_handler_version": 0,
+        "sierra_array_len_bound": 4294967296,
         "constructor_entry_point_selector": "0x28ffe4ff0f226a9107253e17a904099aa4f63a02a5621de0576e5aa71bc5194",
+        "execute_entry_point_selector": "0x15d40a3d6ca2ac30f4031e42be28da9b056fef9bb7357ac5e85627ee876e5ad",
+        "validate_entry_point_selector": "0x162da33a4585851fe8d3af3c2a9c60b557814e221e0d4f30ff0b2189d9c7775",
+        "validate_declare_entry_point_selector": "0x289da278a8dc833409cabfdad1581e8e7d40e42dcaed693fa4008dcdb4963b3",
+        "validate_deploy_entry_point_selector": "0x36fcbf06cd96843058359e1a75928beacfac10727dab22a3972f0af8aa92895",
+        "transfer_entry_point_selector": "0x83afd3f4caedc6eebf44246fe54e38c95e3179a5ec9ea81740eca5b482d12e",
         "default_entry_point_selector": 0,
-        "deploy_gas_cost": {
-            "entry_point_gas_cost": 1,
-            "step_gas_cost": 200,
-            "syscall_base_gas_cost": 1
+        "block_hash_contract_address": 1,
+        "stored_block_hash_buffer": 10,
+        "step_gas_cost": 100,
+        "range_check_gas_cost": 70,
+        "memory_hole_gas_cost": 10,
+        "initial_gas_cost": {
+            "step_gas_cost": 100000000
         },
-        "emit_event_gas_cost": {
-            "step_gas_cost": 10,
-            "syscall_base_gas_cost": 1
+        "entry_point_initial_budget": {
+            "step_gas_cost": 100
+        },
+        "syscall_base_gas_cost": {
+            "step_gas_cost": 100
         },
         "entry_point_gas_cost": {
             "entry_point_initial_budget": 1,
             "step_gas_cost": 500
         },
-        "entry_point_initial_budget": {
-            "step_gas_cost": 100
-        },
-        "entry_point_type_constructor": 2,
-        "entry_point_type_external": 0,
-        "entry_point_type_l1_handler": 1,
-        "error_block_number_out_of_range": "Block number out of range",
-        "error_invalid_input_len": "Invalid input length",
-        "error_invalid_argument": "Invalid argument",
-        "error_out_of_gas": "Out of gas",
-        "execute_entry_point_selector": "0x15d40a3d6ca2ac30f4031e42be28da9b056fef9bb7357ac5e85627ee876e5ad",
         "fee_transfer_gas_cost": {
             "entry_point_gas_cost": 1,
             "step_gas_cost": 100
         },
-        "get_block_hash_gas_cost": {
-            "step_gas_cost": 50,
-            "syscall_base_gas_cost": 1
+        "transaction_gas_cost": {
+            "entry_point_gas_cost": 2,
+            "fee_transfer_gas_cost": 1,
+            "step_gas_cost": 100
         },
-        "get_execution_info_gas_cost": {
+        "call_contract_gas_cost": {
+            "syscall_base_gas_cost": 1,
             "step_gas_cost": 10,
-            "syscall_base_gas_cost": 1
+            "entry_point_gas_cost": 1
         },
-        "initial_gas_cost": {
-            "step_gas_cost": 100000000
+        "deploy_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 200,
+            "entry_point_gas_cost": 1
         },
-        "keccak_gas_cost": {
-            "syscall_base_gas_cost": 1
+        "get_block_hash_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 50
+        },
+        "get_execution_info_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 10
         },
-        "keccak_round_cost_gas_cost": 180000,
-        "l1_gas": "L1_GAS",
-        "l1_gas_index": 0,
-        "l1_handler_version": 0,
-        "l2_gas": "L2_GAS",
-        "l2_gas_index": 1,
         "library_call_gas_cost": {
             "call_contract_gas_cost": 1
         },
-        "sha256_process_block_gas_cost": {
-            "step_gas_cost": 1852,
-            "range_check_gas_cost": 65,
-            "bitwise_builtin_gas_cost": 1115,
-            "syscall_base_gas_cost": 1
-        },
-        "memory_hole_gas_cost": 10,
-        "nop_entry_point_offset": -1,
-        "range_check_gas_cost": 70,
-        "bitwise_builtin_gas_cost": 594,
         "replace_class_gas_cost": {
-            "step_gas_cost": 50,
-            "syscall_base_gas_cost": 1
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 50
+        },
+        "storage_read_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 50
+        },
+        "storage_write_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 50
+        },
+        "emit_event_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 10
+        },
+        "send_message_to_l1_gas_cost": {
+            "syscall_base_gas_cost": 1,
+            "step_gas_cost": 50
         },
         "secp256k1_add_gas_cost": {
-            "range_check_gas_cost": 29,
-            "step_gas_cost": 406
+            "step_gas_cost": 406,
+            "range_check_gas_cost": 29
         },
         "secp256k1_get_point_from_x_gas_cost": {
-            "memory_hole_gas_cost": 20,
+            "step_gas_cost": 391,
             "range_check_gas_cost": 30,
-            "step_gas_cost": 391
+            "memory_hole_gas_cost": 20
         },
         "secp256k1_get_xy_gas_cost": {
-            "memory_hole_gas_cost": 40,
+            "step_gas_cost": 239,
             "range_check_gas_cost": 11,
-            "step_gas_cost": 239
+            "memory_hole_gas_cost": 40
         },
         "secp256k1_mul_gas_cost": {
-            "memory_hole_gas_cost": 2,
+            "step_gas_cost": 76501,
             "range_check_gas_cost": 7045,
-            "step_gas_cost": 76501
+            "memory_hole_gas_cost": 2
         },
         "secp256k1_new_gas_cost": {
-            "memory_hole_gas_cost": 40,
+            "step_gas_cost": 475,
             "range_check_gas_cost": 35,
-            "step_gas_cost": 475
+            "memory_hole_gas_cost": 40
         },
         "secp256r1_add_gas_cost": {
-            "range_check_gas_cost": 57,
-            "step_gas_cost": 589
+            "step_gas_cost": 589,
+            "range_check_gas_cost": 57
         },
         "secp256r1_get_point_from_x_gas_cost": {
-            "memory_hole_gas_cost": 20,
+            "step_gas_cost": 510,
             "range_check_gas_cost": 44,
-            "step_gas_cost": 510
+            "memory_hole_gas_cost": 20
         },
         "secp256r1_get_xy_gas_cost": {
-            "memory_hole_gas_cost": 40,
+            "step_gas_cost": 241,
             "range_check_gas_cost": 11,
-            "step_gas_cost": 241
+            "memory_hole_gas_cost": 40
         },
         "secp256r1_mul_gas_cost": {
-            "memory_hole_gas_cost": 2,
+            "step_gas_cost": 125340,
             "range_check_gas_cost": 13961,
-            "step_gas_cost": 125340
+            "memory_hole_gas_cost": 2
         },
         "secp256r1_new_gas_cost": {
-            "memory_hole_gas_cost": 40,
+            "step_gas_cost": 594,
             "range_check_gas_cost": 49,
-            "step_gas_cost": 594
-        },
-        "send_message_to_l1_gas_cost": {
-            "step_gas_cost": 50,
-            "syscall_base_gas_cost": 1
+            "memory_hole_gas_cost": 40
         },
-        "sierra_array_len_bound": 4294967296,
-        "step_gas_cost": 100,
-        "storage_read_gas_cost": {
-            "step_gas_cost": 50,
-            "syscall_base_gas_cost": 1
-        },
-        "storage_write_gas_cost": {
-            "step_gas_cost": 50,
+        "keccak_gas_cost": {
             "syscall_base_gas_cost": 1
         },
-        "stored_block_hash_buffer": 10,
-        "syscall_base_gas_cost": {
-            "step_gas_cost": 100
-        },
-        "transaction_gas_cost": {
-            "entry_point_gas_cost": 2,
-            "fee_transfer_gas_cost": 1,
-            "step_gas_cost": 100
+        "keccak_round_cost_gas_cost": 180000,
+        "sha256_process_block_gas_cost": {
+            "step_gas_cost": 0,
+            "range_check_gas_cost": 0,
+            "syscall_base_gas_cost": 0
         },
-        "transfer_entry_point_selector": "0x83afd3f4caedc6eebf44246fe54e38c95e3179a5ec9ea81740eca5b482d12e",
-        "validate_declare_entry_point_selector": "0x289da278a8dc833409cabfdad1581e8e7d40e42dcaed693fa4008dcdb4963b3",
-        "validate_deploy_entry_point_selector": "0x36fcbf06cd96843058359e1a75928beacfac10727dab22a3972f0af8aa92895",
-        "validate_entry_point_selector": "0x162da33a4585851fe8d3af3c2a9c60b557814e221e0d4f30ff0b2189d9c7775",
+        "error_block_number_out_of_range": "Block number out of range",
+        "error_out_of_gas": "Out of gas",
+        "error_invalid_input_len": "Invalid input length",
+        "error_invalid_argument": "Invalid argument",
+        "validated": "VALID",
+        "l1_gas": "L1_GAS",
+        "l2_gas": "L2_GAS",
+        "l1_gas_index": 0,
+        "l2_gas_index": 1,
         "validate_rounding_consts": {
             "validate_block_number_rounding": 100,
             "validate_timestamp_rounding": 3600
-        },
-        "validated": "VALID"
+        }
     },
     "os_resources": {
         "execute_syscalls": {
             "CallContract": {
-                "n_steps": 827,
+                "n_steps": 760,
                 "builtin_instance_counter": {
-                    "range_check_builtin": 15
+                    "range_check_builtin": 20
                 },
                 "n_memory_holes": 0
             },
@@ -204,10 +201,10 @@
                 "n_memory_holes": 0
             },
             "Deploy": {
-                "n_steps": 1097,
+                "n_steps": 1012,
                 "builtin_instance_counter": {
                     "pedersen_builtin": 7,
-                    "range_check_builtin": 18
+                    "range_check_builtin": 19
                 },
                 "n_memory_holes": 0
             },
@@ -283,9 +280,9 @@
                 "n_memory_holes": 0
             },
             "LibraryCall": {
-                "n_steps": 818,
+                "n_steps": 751,
                 "builtin_instance_counter": {
-                    "range_check_builtin": 15
+                    "range_check_builtin": 20
                 },
                 "n_memory_holes": 0
             },
@@ -304,89 +301,86 @@
                 "n_memory_holes": 0
             },
             "Secp256k1Add": {
-                "n_steps": 410,
+                "n_steps": 408,
                 "builtin_instance_counter": {
                     "range_check_builtin": 29
                 },
                 "n_memory_holes": 0
             },
             "Secp256k1GetPointFromX": {
-                "n_steps": 395,
+                "n_steps": 393,
                 "builtin_instance_counter": {
                     "range_check_builtin": 30
                 },
                 "n_memory_holes": 0
             },
             "Secp256k1GetXy": {
-                "n_steps": 207,
+                "n_steps": 205,
                 "builtin_instance_counter": {
                     "range_check_builtin": 11
                 },
                 "n_memory_holes": 0
             },
             "Secp256k1Mul": {
-                "n_steps": 76505,
+                "n_steps": 76503,
                 "builtin_instance_counter": {
                     "range_check_builtin": 7045
                 },
                 "n_memory_holes": 0
             },
             "Secp256k1New": {
-                "n_steps": 461,
+                "n_steps": 459,
                 "builtin_instance_counter": {
                     "range_check_builtin": 35
                 },
                 "n_memory_holes": 0
             },
             "Secp256r1Add": {
-                "n_steps": 593,
+                "n_steps": 591,
                 "builtin_instance_counter": {
                     "range_check_builtin": 57
                 },
                 "n_memory_holes": 0
             },
             "Secp256r1GetPointFromX": {
-                "n_steps": 514,
+                "n_steps": 512,
                 "builtin_instance_counter": {
                     "range_check_builtin": 44
                 },
                 "n_memory_holes": 0
             },
             "Secp256r1GetXy": {
-                "n_steps": 209,
+                "n_steps": 207,
                 "builtin_instance_counter": {
                     "range_check_builtin": 11
                 },
                 "n_memory_holes": 0
             },
             "Secp256r1Mul": {
-                "n_steps": 125344,
+                "n_steps": 125342,
                 "builtin_instance_counter": {
                     "range_check_builtin": 13961
                 },
                 "n_memory_holes": 0
             },
             "Secp256r1New": {
-                "n_steps": 580,
+                "n_steps": 578,
                 "builtin_instance_counter": {
                     "range_check_builtin": 49
                 },
                 "n_memory_holes": 0
             },
             "SendMessageToL1": {
-                "n_steps": 141,
+                "n_steps": 139,
                 "builtin_instance_counter": {
                     "range_check_builtin": 1
                 },
                 "n_memory_holes": 0
             },
             "Sha256ProcessBlock": {
-                "n_steps": 1855,
-                "builtin_instance_counter": {
-                    "range_check_builtin": 65,
-                    "bitwise_builtin": 1115
-                },
-                "n_memory_holes": 0
+                "builtin_instance_counter": {},
+                "n_memory_holes": 0,
+                "n_steps": 0
             },
             "StorageRead": {
                 "n_steps": 87,
@@ -405,12 +399,12 @@
         },
         "execute_txs_inner": {
             "Declare": {
-                "deprecated_resources": {
+                "resources": {
                     "constant": {
-                        "n_steps": 2973,
+                        "n_steps": 2839,
                         "builtin_instance_counter": {
                             "pedersen_builtin": 16,
-                            "range_check_builtin": 53
+                            "range_check_builtin": 63
                         },
                         "n_memory_holes": 0
                     },
@@ -420,13 +414,12 @@
                         "n_memory_holes": 0
                     }
                 },
-                "resources": {
+                "deprecated_resources": {
                     "constant": {
-                        "n_steps": 3079,
+                        "n_steps": 2839,
                         "builtin_instance_counter": {
-                            "pedersen_builtin": 4,
-                            "range_check_builtin": 58,
-                            "poseidon_builtin": 10
+                            "pedersen_builtin": 16,
+                            "range_check_builtin": 63
                         },
                         "n_memory_holes": 0
                     },
@@ -438,12 +431,12 @@
                 }
             },
             "DeployAccount": {
-                "deprecated_resources": {
+                "resources": {
                     "constant": {
-                        "n_steps": 4015,
+                        "n_steps": 3792,
                         "builtin_instance_counter": {
                             "pedersen_builtin": 23,
-                            "range_check_builtin": 72
+                            "range_check_builtin": 83
                         },
                         "n_memory_holes": 0
                     },
@@ -455,13 +448,12 @@
                         "n_memory_holes": 0
                     }
                 },
-                "resources": {
+                "deprecated_resources": {
                     "constant": {
-                        "n_steps": 4137,
+                        "n_steps": 3792,
                         "builtin_instance_counter": {
-                            "pedersen_builtin": 11,
-                            "range_check_builtin": 77,
-                            "poseidon_builtin": 10
+                            "pedersen_builtin": 23,
+                            "range_check_builtin": 83
                         },
                         "n_memory_holes": 0
                     },
@@ -475,12 +467,12 @@
                 }
             },
             "InvokeFunction": {
-                "deprecated_resources": {
+                "resources": {
                     "constant": {
-                        "n_steps": 3763,
+                        "n_steps": 3546,
                         "builtin_instance_counter": {
                             "pedersen_builtin": 14,
-                            "range_check_builtin": 69
+                            "range_check_builtin": 80
                         },
                         "n_memory_holes": 0
                     },
@@ -492,13 +484,12 @@
                         "n_memory_holes": 0
                     }
                 },
-                "resources": {
+                "deprecated_resources": {
                     "constant": {
-                        "n_steps": 3904,
+                        "n_steps": 3546,
                         "builtin_instance_counter": {
-                            "pedersen_builtin": 4,
-                            "range_check_builtin": 74,
-                            "poseidon_builtin": 11
+                            "pedersen_builtin": 14,
+                            "range_check_builtin": 80
                         },
                         "n_memory_holes": 0
                     },
@@ -512,12 +503,12 @@
                 }
             },
             "L1Handler": {
-                "deprecated_resources": {
+                "resources": {
                     "constant": {
-                        "n_steps": 1233,
+                        "n_steps": 1146,
                         "builtin_instance_counter": {
                             "pedersen_builtin": 11,
-                            "range_check_builtin": 16
+                            "range_check_builtin": 17
                         },
                         "n_memory_holes": 0
                     },
@@ -529,10 +520,13 @@
                         "n_memory_holes": 0
                     }
                 },
-                "resources": {
+                "deprecated_resources": {
                     "constant": {
-                        "n_steps": 0,
-                        "builtin_instance_counter": {},
+                        "n_steps": 1146,
+                        "builtin_instance_counter": {
+                            "pedersen_builtin": 11,
+                            "range_check_builtin": 17
+                        },
                         "n_memory_holes": 0
                     },
                     "calldata_factor": {
@@ -546,18 +540,16 @@
             }
         },
         "compute_os_kzg_commitment_info": {
-            "n_steps": 113,
-            "builtin_instance_counter": {
-                "range_check_builtin": 17
-            },
+            "n_steps": 0,
+            "builtin_instance_counter": {},
             "n_memory_holes": 0
         }
     },
     "validate_max_n_steps": 1000000,
     "vm_resource_fee_cost": {
         "add_mod_builtin": [
-            4,
-            100
+            0,
+            1
         ],
         "bitwise_builtin": [
             16,
@@ -576,8 +568,8 @@
             100
         ],
         "mul_mod_builtin": [
-            4,
-            100
+            0,
+            1
         ],
         "n_steps": [
             25,
@@ -600,8 +592,8 @@
             100
         ],
         "range_check96_builtin": [
-            4,
-            100
+            0,
+            1
         ]
     }
 }