We need to update all the tooling versions that are being used in CI, testing, or build processes. This includes, but is not limited to:

Kubernetes version
Node version
controller-gen version
kustomize version
Please review and update any other relevant tools as well.

Tasks:

Check the current versions in use.
Identify the latest stable versions for each tool.
Update configuration files accordingly (e.g., GitHub Actions, Makefiles, scripts).
Test to ensure everything works with the new versions.

Make sure to isolate each tool version change in seperate PR and limit the scope of the change to one tool at a time. Feel free to raise different PRs one by one.