diff --git a/CMakeLists.txt b/CMakeLists.txt
index b1b5de24cc..879e5967f0 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -3,7 +3,7 @@ cmake_minimum_required(VERSION 3.20)
 # Set current version of the project
 set(TARAXA_MAJOR_VERSION 1)
 set(TARAXA_MINOR_VERSION 7)
-set(TARAXA_PATCH_VERSION 3)
+set(TARAXA_PATCH_VERSION 4)
 set(TARAXA_VERSION ${TARAXA_MAJOR_VERSION}.${TARAXA_MINOR_VERSION}.${TARAXA_PATCH_VERSION})
 
 # Any time a change in the network protocol is introduced this version should be increased
diff --git a/submodules/taraxa-evm b/submodules/taraxa-evm
index 8a17abf7b9..6265f6306b 160000
--- a/submodules/taraxa-evm
+++ b/submodules/taraxa-evm
@@ -1 +1 @@
-Subproject commit 8a17abf7b9cbc1339716894bba0a1a8f0e7bf91f
+Subproject commit 6265f6306b52d596a49a69b327226bf9ec524409