diff --git a/Cargo.lock b/Cargo.lock
index 0853bd4f2..9c766da64 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -218,7 +218,7 @@ dependencies = [
 
 [[package]]
 name = "candid-extractor"
-version = "0.1.1"
+version = "0.1.2"
 dependencies = [
  "anyhow",
  "quote",
@@ -883,7 +883,7 @@ checksum = "9a3a5bfb195931eeb336b2a7b4d761daec841b97f947d34394601737a7bba5e4"
 
 [[package]]
 name = "ic-cdk"
-version = "0.11.1"
+version = "0.11.2"
 dependencies = [
  "candid",
  "ic-cdk-macros",
@@ -983,7 +983,7 @@ dependencies = [
 
 [[package]]
 name = "ic0"
-version = "0.21.0"
+version = "0.21.1"
 dependencies = [
  "quote",
  "syn 1.0.107",
diff --git a/Cargo.toml b/Cargo.toml
index dce58e555..d4ce5c0e9 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -19,8 +19,8 @@ lto = true
 opt-level = 'z'
 
 [workspace.dependencies]
-ic0 = { path = "src/ic0", version = "0.21.0" }
-ic-cdk = { path = "src/ic-cdk", version = "0.11.1" }
+ic0 = { path = "src/ic0", version = "0.21.1" }
+ic-cdk = { path = "src/ic-cdk", version = "0.11.2" }
 ic-cdk-timers = { path = "src/ic-cdk-timers", version = "0.5.0" }
 
 candid = "0.9.6"
diff --git a/e2e-tests/canisters/api_call.rs b/e2e-tests/canisters/api_call.rs
index 7603147b1..2f8f90002 100644
--- a/e2e-tests/canisters/api_call.rs
+++ b/e2e-tests/canisters/api_call.rs
@@ -1,4 +1,4 @@
-use ic_cdk::{api::call::ManualReply, query};
+use ic_cdk::{api::call::ManualReply, query, update};
 
 #[query]
 fn instruction_counter() -> u64 {
@@ -10,4 +10,9 @@ fn manual_reject() -> ManualReply<u64> {
     ManualReply::reject("manual reject")
 }
 
+#[update]
+fn cycles_burn(amount: u128) -> u128 {
+    ic_cdk::api::cycles_burn(amount)
+}
+
 fn main() {}
diff --git a/e2e-tests/tests/e2e.rs b/e2e-tests/tests/e2e.rs
index 39f637a95..20f2129e3 100644
--- a/e2e-tests/tests/e2e.rs
+++ b/e2e-tests/tests/e2e.rs
@@ -439,3 +439,36 @@ fn test_canister_info() {
         }
     );
 }
+
+#[test]
+fn test_cycles_burn() {
+    let env = env();
+    let wasm = cargo_build_canister("api-call");
+    let canister_id = env.create_canister(None);
+    env.add_cycles(canister_id, 1500);
+
+    env.install_canister(canister_id, wasm, vec![], None);
+    eprintln!("Canister installed.");
+    let balance1 = env.cycle_balance(canister_id);
+    eprintln!("Balance 1: {balance1}");
+
+    let attempted = 1000u128;
+
+    // Scenario 1: burn less than balance
+    let (burned,): (u128,) = call_candid(&env, canister_id, "cycles_burn", (attempted,))
+        .expect("Error calling cycles_burn");
+    eprintln!("Attempted to burn {attempted}, actually burned {burned}");
+    assert_eq!(burned, attempted);
+    let balance2 = env.cycle_balance(canister_id);
+    eprintln!("Balance 2: {balance2}");
+
+    // Scenario 2: burn more than balance
+    let (burned,): (u128,) = call_candid(&env, canister_id, "cycles_burn", (attempted,))
+        .expect("Error calling cycles_burn");
+    eprintln!("Attempted to burn {attempted}, actually burned {burned}");
+    assert!(burned < attempted);
+    assert_eq!(burned, balance2);
+    let balance3 = env.cycle_balance(canister_id);
+    eprintln!("Balance 3: {balance3}");
+    assert_eq!(balance3, 0);
+}
diff --git a/ic0.txt b/ic0.txt
index eaff356c6..29955e510 100644
--- a/ic0.txt
+++ b/ic0.txt
@@ -17,6 +17,7 @@ ic0.msg_cycles_refunded128 : (dst : i32) -> ();                             // R
 ic0.msg_cycles_accept : (max_amount : i64) -> (amount : i64);               // U Rt Ry
 ic0.msg_cycles_accept128 : (max_amount_high : i64, max_amount_low: i64, dst : i32)
                        -> ();                                               // U Rt Ry
+ic0.cycles_burn128 : (amount_high : i64, amount_low : i64, dst : i32) -> ();// I G U Ry Rt C T
 
 ic0.canister_self_size : () -> i32;                                         // *
 ic0.canister_self_copy : (dst : i32, offset : i32, size : i32) -> ();       // *
diff --git a/scripts/download_state_machine_binary.sh b/scripts/download_state_machine_binary.sh
index b44136a01..5b8995d9a 100755
--- a/scripts/download_state_machine_binary.sh
+++ b/scripts/download_state_machine_binary.sh
@@ -8,7 +8,7 @@ cd "$SCRIPTS_DIR/.."
 
 uname_sys=$(uname -s | tr '[:upper:]' '[:lower:]')
 echo "uname_sys: $uname_sys"
-commit_sha="b314222935b7d06c70036b0b54aa80a33252d79c"
+commit_sha="15e69667ae983fa92c33794a3954d9ca87518af6"
 
 curl -sLO "https://download.dfinity.systems/ic/$commit_sha/binaries/x86_64-$uname_sys/ic-test-state-machine.gz"
 gzip -d ic-test-state-machine.gz
diff --git a/src/candid-extractor/Cargo.toml b/src/candid-extractor/Cargo.toml
index de2c44d77..024ba79d2 100644
--- a/src/candid-extractor/Cargo.toml
+++ b/src/candid-extractor/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "candid-extractor"
-version = "0.1.1"
+version = "0.1.2"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/src/candid-extractor/ic_mock.wat b/src/candid-extractor/ic_mock.wat
index da53f6bdc..17e1f5d41 100644
--- a/src/candid-extractor/ic_mock.wat
+++ b/src/candid-extractor/ic_mock.wat
@@ -17,6 +17,7 @@
     (func (export "msg_cycles_refunded128") (param i32) )
     (func (export "msg_cycles_accept") (param i64) (result i64) i64.const 0)
     (func (export "msg_cycles_accept128") (param i64 i64 i32) )
+    (func (export "cycles_burn128") (param i64 i64 i32) )
     (func (export "canister_self_size")  (result i32) i32.const 0)
     (func (export "canister_self_copy") (param i32 i32 i32) )
     (func (export "canister_cycle_balance")  (result i64) i64.const 0)
diff --git a/src/ic-cdk/CHANGELOG.md b/src/ic-cdk/CHANGELOG.md
index 7b93ba3f0..9403d1e0c 100644
--- a/src/ic-cdk/CHANGELOG.md
+++ b/src/ic-cdk/CHANGELOG.md
@@ -6,6 +6,22 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [unreleased]
 
+## [0.11.2] - 2023-10-11
+
+### Added
+
+- `cycles_burn` corresponding to system API `ic0.cycles_burn128`. (#434)
+
+### Changed
+
+- Upgrade `ic0` to `0.21.1`. (#434)
+
+## [0.11.1] - 2023-10-11
+
+### Changed
+
+- Upgrade `ic0` to `0.21.0`. (#433)
+
 ## [0.11.0] - 2023-09-18
 
 ### Changed
diff --git a/src/ic-cdk/Cargo.toml b/src/ic-cdk/Cargo.toml
index 5876cd9f5..7a0d80e3d 100644
--- a/src/ic-cdk/Cargo.toml
+++ b/src/ic-cdk/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "ic-cdk"
-version = "0.11.1"
+version = "0.11.2"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/src/ic-cdk/src/api/mod.rs b/src/ic-cdk/src/api/mod.rs
index 1ce2f9daa..6aa92d828 100644
--- a/src/ic-cdk/src/api/mod.rs
+++ b/src/ic-cdk/src/api/mod.rs
@@ -140,3 +140,21 @@ pub fn is_controller(principal: &Principal) -> bool {
     // SAFETY: `principal.as_bytes()`, being `&[u8]`, is a readable sequence of bytes and therefore safe to pass to `ic0.is_controller`.
     unsafe { ic0::is_controller(slice.as_ptr() as i32, slice.len() as i32) != 0 }
 }
+
+/// Burns cycles from the canister.
+///
+/// Returns the amount of cycles that were actually burned.
+pub fn cycles_burn(amount: u128) -> u128 {
+    let amount_high = (amount >> 64) as u64;
+    let amount_low = (amount & u64::MAX as u128) as u64;
+    let mut dst = 0u128;
+    // SAFETY: `dst` is writable and sixteen bytes wide, and therefore safe to pass to ic0.cycles_burn128
+    unsafe {
+        ic0::cycles_burn128(
+            amount_high as i64,
+            amount_low as i64,
+            &mut dst as *mut u128 as i32,
+        )
+    }
+    dst
+}
diff --git a/src/ic0/Cargo.toml b/src/ic0/Cargo.toml
index 700cf38fb..540cb3d99 100644
--- a/src/ic0/Cargo.toml
+++ b/src/ic0/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "ic0"
-version = "0.21.0"
+version = "0.21.1"
 authors.workspace = true
 edition.workspace = true
 license.workspace = true
diff --git a/src/ic0/src/ic0.rs b/src/ic0/src/ic0.rs
index f5c2ba03c..bac51bf5f 100644
--- a/src/ic0/src/ic0.rs
+++ b/src/ic0/src/ic0.rs
@@ -19,6 +19,7 @@ extern "C" {
     pub fn msg_cycles_refunded128(dst: i32);
     pub fn msg_cycles_accept(max_amount: i64) -> i64;
     pub fn msg_cycles_accept128(max_amount_high: i64, max_amount_low: i64, dst: i32);
+    pub fn cycles_burn128(amount_high: i64, amount_low: i64, dst: i32);
     pub fn canister_self_size() -> i32;
     pub fn canister_self_copy(dst: i32, offset: i32, size: i32);
     pub fn canister_cycle_balance() -> i64;
@@ -116,6 +117,9 @@ mod non_wasm {
     pub unsafe fn msg_cycles_accept128(max_amount_high: i64, max_amount_low: i64, dst: i32) {
         panic!("msg_cycles_accept128 should only be called inside canisters.");
     }
+    pub unsafe fn cycles_burn128(amount_high: i64, amount_low: i64, dst: i32) {
+        panic!("cycles_burn128 should only be called inside canisters.");
+    }
     pub unsafe fn canister_self_size() -> i32 {
         panic!("canister_self_size should only be called inside canisters.");
     }