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The PlayStation 4 has new BluRay exploit that supports upto 12.50 Firmware. Thanks to the efforts of developer Gezine, who has released the source code and helloworld.iso to complete the proof of work of this recent exploit for the PS4. Below you can see the readme for the project. Also some community reaction and comments about the new exploit for the PS4 from Abkarino & Modded Warefare dives into the exploit in one of his latest video attached below:

Project Github: https://github.com/Gezine/BD-JB-1250
BD-JB-1250
BD-JB for up to PS4 12.50
This might be the exploit that was reported by TheFlow and patched at 12.52
Nope TheFlow just confirmed this is not his exploit.
lmao
Just take my early Christmas gift
No this won't work at PS5.
Notes
Change Status.java ip address for network logging.
Default is 192.168.2.1
For compiling I recommend using john-tornblom's bdj-sdk
https://github.com/john-tornblom/bdj-sdk/
Credits
TheFlow - for his BD-JB documentation and sources for native code execution
hammer-83 - for his PS5 Remote JAR Loader, it helped me a lot to learn how BD-J works
john-tornblom - for his BDJ-SDK, I couldn't have compiled PS4 BD-J without his BDJ-SDK
Project Github: https://github.com/Gezine/BD-JB-1250