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Updating to version 1.153 causes the game to crash on startup (the icon bounces in the dock and then silently quits). Version 1.105 worked as expected, and it still works after reverting back to that version. This is on an M1 Mac running macOS 12.3.1. Anyone else seeing this and if so do you know of a solution?
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I'm encountering this issue as well.

It looks like the bundled lib steam isn't compatible with M1 Macs.

$ /Applications/Loop_Hero/Contents/MacOS/Loop_Hero
2022-05-11 16:49:59.817 Loop_Hero[29268:6346174] Nil context detected
2022-05-11 16:49:59.817 Loop_Hero[29268:6346174] Command Line = "/Applications/Loop_Hero.app/Contents/MacOS/Loop_Hero"
MacAppSteamInit 1282730
steamfile:/Applications/Loop_Hero.app/Contents/MacOS/steam_appid.txt
Steam being initialised with appId 1282730
Steam_Init
Error: Failed to load libsteam_api.dylib from /Applications/Loop_Hero.app/Contents/MacOS/libsteam_api.dylib
dlerror:dlopen(/Applications/Loop_Hero.app/Contents/MacOS/libsteam_api.dylib, 0x0001): tried: '/Applications/Loop_Hero.app/Contents/MacOS/libsteam_api.dylib' (fat file, but missing compatible architecture (have 'i386,x86_64', need 'arm64e'))
GameName not set at this point
Failed LoadSteamLib() call: Error loading libsteam_api.dylib
SteamInit failed: Error loading libsteam_api.dylib
...