diff --git a/.gitignore b/.gitignore
index 849f483..c4b4267 100644
--- a/.gitignore
+++ b/.gitignore
@@ -11,3 +11,4 @@
 /pypy3.6-v7.2.0-src.tar.bz2
 /pypy3.6-v7.3.0-src.tar.bz2
 /pypy3.6-v7.3.1-src.tar.bz2
+/pypy3.7-v7.3.4-src.tar.bz2
diff --git a/011-no-faulthandler.patch b/011-no-faulthandler.patch
index e093956..c0dd76b 100644
--- a/011-no-faulthandler.patch
+++ b/011-no-faulthandler.patch
@@ -30,7 +30,7 @@ index faa1ba7..2edadc9 100644
      "PIPE_MAX_SIZE", "verbose", "max_memuse", "use_resources", "failfast",
 @@ -2231,7 +2235,8 @@ def start_threads(threads, unlock=None):
          finally:
-             started = [t for t in started if t.isAlive()]
+             started = [t for t in started if t.is_alive()]
              if started:
 -                faulthandler.dump_traceback(sys.stdout)
 +                if faulthandler is not None:
diff --git a/189-use-rpm-wheels.patch b/189-use-rpm-wheels.patch
index 0032ba9..8fd8a55 100644
--- a/189-use-rpm-wheels.patch
+++ b/189-use-rpm-wheels.patch
@@ -1,25 +1,21 @@
 diff --git a/lib-python/3/ensurepip/__init__.py b/lib-python/3/ensurepip/__init__.py
-index 6b35b3d..97fc83b 100644
+index 94d40b0..9135b80 100644
 --- a/lib-python/3/ensurepip/__init__.py
 +++ b/lib-python/3/ensurepip/__init__.py
-@@ -1,16 +1,34 @@
+@@ -1,3 +1,5 @@
 +import distutils.version
 +import glob
  import os
  import os.path
  import pkgutil
- import sys
-+import runpy
- import tempfile
-
-
+@@ -9,9 +11,24 @@ import tempfile
  __all__ = ["version", "bootstrap"]
-
-
--_SETUPTOOLS_VERSION = "44.0.0"
+ 
+ 
+-_SETUPTOOLS_VERSION = "47.1.0"
 +_WHEEL_DIR = "/usr/share/python-wheels/"
-
--_PIP_VERSION = "20.0.2"
+ 
+-_PIP_VERSION = "20.1.1"
 +_wheels = {}
 +
 +def _get_most_recent_wheel_version(pkg):
@@ -36,36 +32,14 @@ index 6b35b3d..97fc83b 100644
 +_SETUPTOOLS_VERSION = _get_most_recent_wheel_version("setuptools")
 +
 +_PIP_VERSION = _get_most_recent_wheel_version("pip")
-
+ 
  _PROJECTS = [
-     ("setuptools", _SETUPTOOLS_VERSION),
-@@ -23,10 +41,18 @@ def _run_pip(args, additional_paths=None):
-     if additional_paths is not None:
-         sys.path = additional_paths + sys.path
-
--    # Install the bundled software
--    import pip._internal.cli.main
--    return pip._internal.cli.main.main(args)
-+    # Invoke pip as if it's the main module, and catch the exit.
-+    backup_argv = sys.argv[:]
-+    sys.argv[1:] = args
-+    try:
-+        # run_module() alters sys.modules and sys.argv, but restores them at exit
-+        runpy.run_module("pip", run_name="__main__", alter_sys=True)
-+    except SystemExit as exc:
-+        return exc.code
-+    finally:
-+        sys.argv[:] = backup_argv
-
-+    raise SystemError("pip did not exit, this should never happen")
-
- def version():
-     """
-@@ -93,13 +119,10 @@ def _bootstrap(*, root=None, upgrade=False, user=False,
+     ("setuptools", _SETUPTOOLS_VERSION, "py3"),
+@@ -103,13 +120,10 @@ def _bootstrap(*, root=None, upgrade=False, user=False,
          # additional paths that need added to sys.path
          additional_paths = []
-         for project, version in _PROJECTS:
--            wheel_name = "{}-{}-py2.py3-none-any.whl".format(project, version)
+         for project, version, py_tag in _PROJECTS:
+-            wheel_name = "{}-{}-{}-none-any.whl".format(project, version, py_tag)
 -            whl = pkgutil.get_data(
 -                "ensurepip",
 -                "_bundled/{}".format(wheel_name),
diff --git a/pypy3.spec b/pypy3.spec
index 7b4d004..025102c 100644
--- a/pypy3.spec
+++ b/pypy3.spec
@@ -1,8 +1,8 @@
 %global basever 7.3
 Name:           pypy3
-Version:        %{basever}.1
-%global pyversion 3.6
-Release:        6%{?dist}
+Version:        %{basever}.4
+%global pyversion 3.7
+Release:        1%{?dist}
 Summary:        Python 3 implementation with a Just-In-Time compiler
 
 # PyPy is MIT
@@ -25,7 +25,9 @@ URL:            http://pypy.org/
 # with the packaged version.
 # The version information can be found at lib_pypy/_libmpdec/mpdecimal.h
 # defined as MPD_VERSION.
-%global libmpdec_version 2.4.1
+# See https://foss.heptapod.net/pypy/pypy/-/issues/3024
+# With PyPy 7.3.4, the decimal module is not compiled
+#%%global libmpdec_version 2.4.1
 
 # Whether to use RPM build wheels from the python-{pip,setuptools}-wheel package
 # Uses upstream bundled prebuilt wheels otherwise
@@ -146,7 +148,7 @@ URL:            http://pypy.org/
 %global __brp_python_bytecompile %{nil}
 
 # Source and patches:
-Source0: https://bitbucket.org/pypy/pypy/downloads/pypy%{pyversion}-v%{version}-src.tar.bz2
+Source0: https://downloads.python.org/pypy/pypy%{pyversion}-v%{version}-src.tar.bz2
 
 # Supply various useful RPM macros for building python modules against pypy:
 #  __pypy, pypy_sitelib, pypy_sitearch
@@ -285,13 +287,15 @@ Provides: pypy%{pyversion}-libs%{?_isa} = %{version}-%{release}
 Requires: python-setuptools-wheel
 Requires: python-pip-wheel
 %else
-Provides: bundled(python3dist(pip)) = 20.0.2
-Provides: bundled(python3dist(setuptools)) = 44.0.0
+Provides: bundled(python3dist(pip)) = 20.1.1
+Provides: bundled(python3dist(setuptools)) = 47.1.0
 %endif
 
 # Provides for the bundled libmpdec
+%{?libmpdec_version:
 Provides: bundled(mpdecimal) = %{libmpdec_version}
 Provides: bundled(libmpdec) = %{libmpdec_version}
+}
 
 # Find the version in lib_pypy/cffi/_pycparser/__init__.py
 Provides: bundled(python3dist(pycparser)) = 2.20
@@ -341,8 +345,8 @@ rm lib-python/3/ensurepip/_bundled/*.whl
 rmdir lib-python/3/ensurepip/_bundled
 %else
 # we don't want to ship the old ones anyway
-rm lib-python/3/ensurepip/_bundled/pip-8.1.2-*
-rm lib-python/3/ensurepip/_bundled/setuptools-21.2.1-*
+rm lib-python/3/ensurepip/_bundled/pip-20.0*
+rm lib-python/3/ensurepip/_bundled/setuptools-44*
 %endif
 
 
@@ -532,7 +536,7 @@ mkdir -p %{buildroot}/%{pypyprefix}
 
 
 # Run installing script,  archive-name  %{name}-%{basever} in %{buildroot}/%{_libdir} == %{pypyprefix}
-%{bootstrap_python_interp} pypy/tool/release/package.py --archive-name %{name}-%{basever} --builddir %{buildroot}/%{_libdir}
+%{bootstrap_python_interp} pypy/tool/release/package.py --archive-name %{name}-%{basever} --builddir %{buildroot}/%{_libdir} --no-embedded-dependencies
 
 
 # Remove shebang lines from .py files that aren't executable, and
@@ -564,7 +568,6 @@ mkdir -p %{buildroot}/%{pypyprefix}/site-packages
 # approach is to postprocess the ELF file:
 execstack --clear-execstack %{buildroot}/%{pypyprefix}/bin/pypy3
 
-ln -s ./pypy3 %{buildroot}%{pypyprefix}/bin/pypy%{pyversion}
 ln -s %{pypyprefix}/bin/pypy%{pyversion} %{buildroot}%{_bindir}/pypy%{pyversion}
 ln -s pypy%{pyversion} %{buildroot}%{_bindir}/pypy3
 
@@ -720,11 +723,12 @@ rm -f %{buildroot}%{pypyprefix}/bin/libpypy3-c.so.debug
 
 %check
 
+%{?libmpdec_version:
 # Verify that the bundled libmpdec version python was compiled with, is the same version we have virtual
 # provides for in the SPEC.
 test "$(%{goal_dir}/pypy3-c -c 'import decimal; print(decimal.__libmpdec_version__.decode("ascii"))')" = \
      "%{libmpdec_version}"
-
+}
 
 topdir=$(pwd)
 
@@ -893,6 +897,11 @@ CheckPyPy %{name}-stackless
 
 
 %changelog
+* Tue May 25 2021 Miro Hrončok <mhroncok@redhat.com> - 7.3.4-1
+- Update to 7.3.4
+- pypy3 is now Python 3.7
+- Fixes rhbz#1961933
+
 * Tue May 25 2021 Miro Hrončok <mhroncok@redhat.com> - 7.3.1-6
 - Provide missing bundled library information
 
diff --git a/sources b/sources
index 0b7b357..60e1bdc 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (pypy3.6-v7.3.1-src.tar.bz2) = f8e32aae7f01225e0e4d6763eaac40fc02dffc3d0b6a30f22d422147f9be4f3290ea78160a912ffae311dea3d503eb31a7a4f3999d3b541fbccd93d1cef4ca56
+SHA512 (pypy3.7-v7.3.4-src.tar.bz2) = c570d34f284f41dcd8dd909216c69831dd83b8501423c7635a4fe506fb16fd3705cf87975a664735e52d0b805a0432267d611a993437d17aac3defe4b9ea4401
diff --git a/tests/tests.yml b/tests/tests.yml
index c3a91f3..827cb90 100644
--- a/tests/tests.yml
+++ b/tests/tests.yml
@@ -10,7 +10,7 @@
     tests:
     - smoke:
         dir: python/smoke
-        run: PYTHON=pypy3 VERSION=3.6 ./venv.sh
+        run: PYTHON=pypy3 VERSION=3.7 ./venv.sh
     required_packages:
     - gcc
     - python3-tox