Steam hangs on launch update

[ParodyVerse]

Your system information

• Steam client version (build number or date): 1.0.0.87-3
• Distribution (e.g. Ubuntu): CachyOS latest (Arch)
• Opted into Steam client beta?: [Yes/No] No
• Have you checked for system updates?: [Yes/No] Yes
• Steam Logs:

console-linux.txt

• GPU: Nvidia/Intel/AMD Nvidia Quadro RTX 5000

Please describe your issue in as much detail as possible:

Running steam in any way (through icon/CLI/ETC) will start loading the app, and partway through the update, it hangs (as in logging stops, it stops downloading the update, and I have to kill the process).

Steps for reproducing this issue:

1. Open Steam. That's it. I'm not sure if it's a CachyOS thing or a steam bug.

[jwarley]

I've had exactly the same issue for at least a month.

Steam client version (build number or date): 1.0.0.87-1
Distribution (e.g. Ubuntu): Arch
Opted into Steam client beta?: Yes
Have you checked for system updates?: Yes
GPU: Nvidia GTX 1070

Have tried deleting all Steam files and doing a clean reinstall.