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All of these version's binaries are compiled against pacman's 7.1 libalpm, unlike previous build which lacked ARM binaries (mirrors didn't update as fast as x86 mirrors).
If you updated pacman separately from yay you'll need to run either of these (yay or yay-bin)
sudo pacman -S --needed git base-devel
git clone https://aur.archlinux.org/yay.git
cd yay
makepkg -si
or
sudo pacman -S --needed git base-devel
git clone https://aur.archlinux.org/yay-bin.git
cd yay-bin
makepkg -si
Full Changelog: https://github.com/Jguer/yay/compare/v12.5.6...v12.5.7