chore: update deps and rust version

[Johnabell]

This PR updates the deps and the rust version to 1.88.

This should address the security vunerabilities in the dependencies.

[codecov]

Codecov Report

✅ All modified and coverable lines are covered by tests.
✅ Project coverage is 95.38%. Comparing base (6895cfc) to head (2722e1b).
⚠️ Report is 1 commits behind head on master.

Additional details and impacted files

@@            Coverage Diff             @@
##           master      #13      +/-   ##
==========================================
+ Coverage   95.09%   95.38%   +0.29%     
==========================================
  Files          23       23              
  Lines        3504     3488      -16     
==========================================
- Hits         3332     3327       -5     
+ Misses        172      161      -11     

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