Sonic The Hedgehog [BLES00028]

Tried the game on rpcs3 0.0.2-4658 (bf03cf1 Alpha on the application title), it boots and it hangs during the loading screen now, it does not loop like it used to.
It boots with OpenGL too now, it doesn't crash anymore. It hangs at the same point with all three renderers. Log file:
https://paste.ee/p/Xg4gK

I tried it on the exact same build as you, but it still loops for me.

What settings?
I tried Automatic and manual loading for modules and picked the modules in the OP.
Vulkan/OGL/DX 12 all had the same outcome
Xaudio2 and Null
DS4 Pad
EDIT: I had the GPU Texture Scaling option on, disabling it caused the loading loop again, but only once. I closed the emulator, reopened it and tried again and now it hangs.

Yeah, sometimes it seems to hang and sometimes it loops while loading.