stub_flasher: Update flasher stub to v1.2.2 (Jaroslav Burian - 4b64d42)
esptool: Add Secure Debug Controller commands (Aditya Patwardhan - 92842ee)
espsecure: Add support for Secure Debug Controller commands (Aditya Patwardhan - ba57b82)
espefuse: Adds eFuse token dump (Konstantin Kondrashov - a634b47)
Extract connect_esp function to cmds (Nebojša Cvetković - 9a6c5cb)
Migrate esp_rfc2217_server to use esp-pylib and rich_click (Peter Dragun - 8ec37d3)
Migrate esptool to use esp-pylib (Peter Dragun - bd052d6)

espefuse: Correct eFuse error and date register offsets (Roland Dobai - 464304e)
esp32-c61: Identify in-package flash and PSRAM variants (Roland Dobai - bed2388)
espefuse: Close the summary file after writing the JSON output (Peter Dragun - 9f5d8b0)
espefuse: Remove adc_tp class for irrelevant fields (Konstantin Kondrashov - e7f3ca8)
Unlocked cryptography bounds for Intel Mac (Jakub Kocka - c4fc382)
Budget stub erase work in compressed flash timeouts (Jaroslav Burian - 1040eea)
Raise default erase_region_timeout_per_mb to 40s (Jaroslav Burian - b1594ce)
satisfy mypy after adding esp-pylib to pre-commit (Peter Dragun - c4eb420)

troubleshooting: Make Secure Boot limitations only visible for ESP32-C3 (Peter Dragun - 18cd4c7)
contributing.rst: Add section about reusing shared code (esp-pylib) (Peter Dragun - 82d7d7a)
Add ESP32-S31 target to documentation (Peter Dragun - 9a35108)
Fix missing ESP32-C61 in chip list for 32MB+ flash access (Peter Dragun - cd5c428)
Fix supported flash sizes for esp32p4, esp32c5, esp32c61 and esp32h4 (Peter Dragun - 863c2b5)
Add documentation for color output and CLI help themes (Peter Dragun - 0315a10)

Thanks to @nebkat, and others for contributing to this release!

Results of checking the release against common anti-virus SW

The failures are probably false positives. You can mark esptool as safe in your anti-virus SW, or install esptool from source.

espressif/esptool v5.4.0 Version 5.4.0 on GitHub