diff --git a/.github/workflows/github-actions-tests.yml b/.github/workflows/github-actions-tests.yml
index cf79387a..25cab9c6 100644
--- a/.github/workflows/github-actions-tests.yml
+++ b/.github/workflows/github-actions-tests.yml
@@ -6,20 +6,17 @@ jobs:
     runs-on: ubuntu-latest
     steps:
       - uses: actions/checkout@v3
-      - uses: actions/setup-python@v4
+      - uses: actions/setup-python@v5
         with:
-          python-version: 3.11
+          python-version: 3.12
       - uses: pre-commit/action@v3.0.1
   run-tests:
     strategy:
       fail-fast: false
       matrix:
-        python-version: [ "3.7", "3.8", "3.9", "3.10", "3.11", "3.12.3" ]
-        mongodb-version: [ 4.4, 5.0, 6.0, 7.0, 8.0 ]
-        pydantic-version: [ "1.10.15", "2.7" ]
-        exclude:
-          - python-version: "3.7"
-            pydantic-version: "2.7"
+        python-version: [ "3.8", "3.9", "3.10", "3.11", "3.12" ]
+        mongodb-version: [4.4, 5.0, 6.0, 7.0, 8.0 ]
+        pydantic-version: [ "1.10.18", "2.9.2" ]
     runs-on: ubuntu-latest
     steps:
       - uses: actions/checkout@v4
diff --git a/pyproject.toml b/pyproject.toml
index d485217c..7d0b317b 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ name = "beanie"
 version = "1.27.0"
 description = "Asynchronous Python ODM for MongoDB"
 readme = "README.md"
-requires-python = ">=3.7,<4.0"
+requires-python = ">=3.8,<4.0"
 license = { file="LICENSE" }
 authors = [
     {name = "Roman Right", email = "roman-right@protonmail.com"}
@@ -23,7 +23,8 @@ classifiers = [
     "Typing :: Typed",
 ]
 dependencies = [
-    "pydantic>=1.10,<3.0",
+    "pydantic>=1.10.18,<3.0; python_version <= '3.12.3'",
+    "pydantic>=1.10,<=2.0,>2.7.4,<3.0; python_version > '3.12.3'",#after 3.12.3 pydantic <2.7.4 is incompatible https://github.com/pydantic/pydantic/pull/9615
     "motor>=2.5.0,<4.0.0",
     "click>=7",
     "toml",
@@ -33,12 +34,11 @@ dependencies = [
 
 [project.optional-dependencies]
 test = [
-    "pre-commit>=2.3.0",
-    "pytest>=6.0.0",
-    "pytest-asyncio>=0.21.0",
-    "pytest-cov>=2.8.1",
+    "pre-commit>=3.5.0",
+    "pytest>=8.3.3",
+    "pytest-asyncio>=0.24.0",
+    "pytest-cov>=5.0.0",
     "dnspython>=2.1.0",
-    "flake8>=3",
     "pyright>=0",
     "asgi-lifespan>=1.0.1",
     "httpx>=0.23.0",
@@ -78,7 +78,7 @@ beanie = "beanie.executors.migrate:migrations"
 # TOOLS
 
 [tool.pytest.ini_options]
-minversion = "6.0"
+minversion = "8.0"
 addopts = "--cov-report term-missing --cov=beanie --cov-branch --cov-fail-under=80"
 testpaths = [
     "tests",
@@ -89,6 +89,7 @@ filterwarnings = [
     "ignore::UserWarning",
 ]
 asyncio_mode = "auto"
+asyncio_default_fixture_loop_scope = "function"
 
 [tool.beanie.migrations]
 path = "beanie/example_migration"