diff --git a/project/Dependencies.scala b/project/Dependencies.scala
index 1f43274f73..2df6852aee 100644
--- a/project/Dependencies.scala
+++ b/project/Dependencies.scala
@@ -10,7 +10,7 @@ object Dependencies {
   val BinnyVersion = "0.11.0"
   val CalevVersion = "0.7.0"
   val CatsVersion = "2.10.0"
-  val CatsEffectVersion = "3.5.3"
+  val CatsEffectVersion = "3.5.4"
   val CatsParseVersion = "1.0.0"
   val CirceVersion = "0.15.0-M1"
   val CirceGenericExtrasVersion = "0.14.3"