It looks like when you turned your PC on the heatsink fan did not spin. Check your fan headers.
Are you sure the fan is properly plugged/working? If you did not plug the fan the motherboard would trigger its safety procedure not to power up the CPU to prevent overheating.
Nice NZXT S340 Red case!
Maybe your CPU cooler is not seated properly, but given you used the stock paste only you should be okay. If you added extra paste on top of the stock paste/used more than a 5mm diameter hemisphere of paste, redo the paste, use 3-4mm diameter hemisphere of thermal paste.
Have a good day.