I tried boot it and now boot normally... WTF?
I have checked S.M.A.R.T and HDD is ok.
Update via Safe Mode from USB, end with the same result. SU-42118-6 and based on dev wiki it covering my case, so I don't see a reason for initialize option as it also writing firmware which have such bomb design as update package. Updating from USB also freezing PS4 and hard power off, ends with the same results: no booting, until second try... Which I completely doesn't understand.
So it would be best now to wait for kexploit for 8.03 and praying to God that licenses don't need to be refresh after each quarter of year been offline as I heard...