diff --git a/Cargo.toml b/Cargo.toml
index 4dd8ca1..fe68fa8 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -9,11 +9,11 @@ version = "0.1.0"
 members = ["testsuite"]
 
 [dependencies]
-cortex-m = "0.6.4"
+cortex-m = "0.7.1"
 cortex-m-rt = "0.6.13"
-defmt = "0.1.2"
-defmt-rtt = "0.1.0"
-panic-probe = { version = "0.1.0", features = ["print-defmt"] }
+defmt = "0.2.0"
+defmt-rtt = "0.2.0"
+panic-probe = { version = "0.2.0", features = ["print-defmt"] }
 # TODO(4) enter your HAL here
 # some-hal = "1.2.3"
 
diff --git a/README.md b/README.md
index 3b0c16d..1942983 100644
--- a/README.md
+++ b/README.md
@@ -17,12 +17,13 @@ $ cargo install flip-link
 #### 2. `probe-run`:
 
 ``` console
+$ # make sure to install v0.2.0 or later
 $ cargo install probe-run
 ```
 
 #### 3. [`cargo-generate`]:
 
-```
+``` console
 $ cargo install cargo-generate
 ```
 
@@ -152,11 +153,11 @@ $ cargo install --git https://github.com/knurling-rs/probe-run --branch main
 
 ``` console
 $ probe-run --version
-probe-run 0.1.4 (3521a42 2020-11-12)
-supported defmt version: 3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4
+0.2.0 (aa585f2 2021-02-22)
+supported defmt version: 60c6447f8ecbc4ff023378ba6905bcd0de1e679f
 ```
 
-In the example output, the supported version is `3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4`
+In the example output, the supported version is `60c6447f8ecbc4ff023378ba6905bcd0de1e679f`
 
 3. Switch defmt dependencies to git: uncomment the last part of the root `Cargo.toml` and enter the hash reported by `probe-run --version`:
 
@@ -167,10 +168,10 @@ In the example output, the supported version is `3db6b41f08a5c866e6d6ed7103d01b0
 -# defmt-test = { git = "https://github.com/knurling-rs/defmt", rev = "use defmt version reported by `probe-run --version`" }
 -# panic-probe = { git = "https://github.com/knurling-rs/defmt", rev = "use defmt version reported by `probe-run --version`" }
 +[patch.crates-io]
-+defmt = { git = "https://github.com/knurling-rs/defmt", rev = "3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4" }
-+defmt-rtt = { git = "https://github.com/knurling-rs/defmt", rev = "3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4" }
-+defmt-test = { git = "https://github.com/knurling-rs/defmt", rev = "3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4" }
-+panic-probe = { git = "https://github.com/knurling-rs/defmt", rev = "3db6b41f08a5c866e6d6ed7103d01b0b0fe5a1f4" }
++defmt = { git = "https://github.com/knurling-rs/defmt", rev = "60c6447f8ecbc4ff023378ba6905bcd0de1e679f" }
++defmt-rtt = { git = "https://github.com/knurling-rs/defmt", rev = "60c6447f8ecbc4ff023378ba6905bcd0de1e679f" }
++defmt-test = { git = "https://github.com/knurling-rs/defmt", rev = "60c6447f8ecbc4ff023378ba6905bcd0de1e679f" }
++panic-probe = { git = "https://github.com/knurling-rs/defmt", rev = "60c6447f8ecbc4ff023378ba6905bcd0de1e679f" }
 ```
 
 You are now using the git version of `defmt`!
diff --git a/src/bin/bitfield.rs b/src/bin/bitfield.rs
index f82c2a2..d9889b1 100644
--- a/src/bin/bitfield.rs
+++ b/src/bin/bitfield.rs
@@ -7,7 +7,7 @@ use {{crate_name}} as _; // global logger + panicking-behavior + memory layout
 fn main() -> ! {
     // value of the FREQUENCY register (nRF52840 device; RADIO peripheral)
     let frequency: u32 = 276;
-    defmt::debug!("FREQUENCY: {0:0..7}, MAP: {0:8..9}", frequency);
+    defmt::debug!("FREQUENCY: {0=0..7}, MAP: {0=8..9}", frequency);
 
     {{crate_name}}::exit()
 }
diff --git a/src/bin/format.rs b/src/bin/format.rs
index aa8c35f..30476f6 100644
--- a/src/bin/format.rs
+++ b/src/bin/format.rs
@@ -20,7 +20,7 @@ fn main() -> ! {
     let s = S1 { x: 42, y: S2 { z: 43 } };
     defmt::info!("s={:?}", s);
     let x = 42;
-    defmt::info!("x={:u8}", x);
+    defmt::info!("x={=u8}", x);
 
     {{crate_name}}::exit()
 }
diff --git a/src/bin/overflow.rs b/src/bin/overflow.rs
index 03c2a47..4e85b95 100644
--- a/src/bin/overflow.rs
+++ b/src/bin/overflow.rs
@@ -10,7 +10,7 @@ fn main() -> ! {
 }
 
 fn ack(m: u32, n: u32) -> u32 {
-    defmt::info!("ack(m={:u32}, n={:u32})", m, n);
+    defmt::info!("ack(m={=u32}, n={=u32})", m, n);
     let mut big = [2; 512];
     if m == 0 {
         n + 1
diff --git a/src/lib.rs b/src/lib.rs
index 2905d1c..8b34265 100644
--- a/src/lib.rs
+++ b/src/lib.rs
@@ -15,14 +15,13 @@ fn panic() -> ! {
     cortex_m::asm::udf()
 }
 
-#[defmt::timestamp]
-fn timestamp() -> u64 {
-    static COUNT: AtomicUsize = AtomicUsize::new(0);
+static COUNT: AtomicUsize = AtomicUsize::new(0);
+defmt::timestamp!("{=usize}", {
     // NOTE(no-CAS) `timestamps` runs with interrupts disabled
     let n = COUNT.load(Ordering::Relaxed);
     COUNT.store(n + 1, Ordering::Relaxed);
-    n as u64
-}
+    n
+});
 
 /// Terminates the application and makes `probe-run` exit with exit-code = 0
 pub fn exit() -> ! {
diff --git a/testsuite/Cargo.toml b/testsuite/Cargo.toml
index 5a7766d..5078a98 100644
--- a/testsuite/Cargo.toml
+++ b/testsuite/Cargo.toml
@@ -12,12 +12,12 @@ harness = false
 
 [dependencies]
 {{project-name}} = { path = ".." }
-cortex-m = "0.6.3"
+cortex-m = "0.7.1"
 cortex-m-rt = "0.6.12"
-defmt = "0.1.0"
-defmt-rtt = "0.1.0"
-defmt-test = "0.1.1"
-panic-probe = { version = "0.1.0", features = ["print-defmt" ] }
+defmt = "0.2.0"
+defmt-rtt = "0.2.0"
+defmt-test = "0.2.0"
+panic-probe = { version = "0.2.0", features = ["print-defmt"] }
 
 [features]
 # set logging levels here