It’s been an exciting week, and we have a lot to share with you.

Today, we’re diving into:

• 📈Empowered Investor: PayPal Warning. $BTC Big Picture.

• 🔧Growth Toolkit: Power up with Presence. An AI tool to get hired.

PLUS: 

• 💡Community Highlight: Meet Spreno

• 🔊Spaces Alpha: Liquidity Masterclass

📈Empowered Investor

This week's most significant events and what they mean to help you make informed decisions.

PayPal Stablecoin, A Warning 🚨

On August 7, PayPal launched their stablecoin PYUSD, which is linked to the US dollar. It was launched on Ethereum, and exposes crypto to the 426 million client user base. Sounds bullish right?

Sure, this is a massive step towards mass adoption, and gives crypto, in general, a TON of credibility, but there is more to the story than meets the eye…

Several sources have dug into the PYUSD smart contract and revealed that assets can be frozen, wiped and transactions can be reversed by admin. Further, all transactions are linked to your PayPal account, which requires KYC, so transactions are NOT anonymous.

Why is this Relevant? 

Because it’s being suggested that this is part of a campaign to eliminate crypto-native stablecoins such as USDT and USDC, which encompass everything that makes decentralization great, and replace them with more centralized and controlled counterparts.

While mass adoption will lead to opportunity beyond our wildest dreams, it must be in a way that preserves its essence: to keep power in the hands of the people, and NOT just centralized organizations.

Considering this type of information should be a part of your investment process. This leads us to our next topic…

Bitcoin Big Picture 📈

Bitcoin price action and clues for future moves.

1. This yearly pivot point is acting as strong resistance. We can see 2 failed attempts with decreasing effort. BEARISH

2. This 25k$ has been a strong support with lots of buyers looking to scoop up positions. Expecting a revisit and will watch the reaction. BULLISH

3. Next major support - 24k$ level. Based on Volume and price action.

4. If broken, 22.5k$ may be the next low.

5. Absolute lowest point based on my analysis. Signs point to this being a corrective downtrend. Any lower I can see much further downside.

6. Decreasing volume during this period supports my corrective thesis.

On Chain Analysis⛓

• Exchange Reserve: how much Bitcoin is in the exchange vs locked away by holders. A downtrend signifies investors are holding as opposed to wanting to sell.

• Open Interest (OI): A recent decrease in OI suggests a decrease in volatility. Investors are closing positions and show a lack of interest. Supports a weakness in this recent downtrend.

• SOPR Ratio: Long-term holders profits vs Short term holders profits. Spikes support market tops. The last spike supports potential further downside.

Remember, the most important step when buying or selling assets is to have a calm and objective mindset. Here’s how you can get started 👇

🔧Growth Toolkit

Weekly tips and resources to grow as a person and as a web3 builder.

Work Smarter By Practicing Presence 🧠

Burnout is real. It destroys productivity and inspiration and gives your mind ammunition to beat you down. As creators, this interferes with our goals. Which is NOT ok.

I'm done with letting this happen, and I found a real solution.

Practicing Presence (guide below).

Legends like Lebron James, Jeff Weiner and Bill Gates swear by it. Still, I resisted at first, because of my science and data-driven mindset; I thought this fluff and stupid.

But I was desperate, so I dug in. Turns out this has a strong science-based backing. This was encouraging, so I committed to a week of consistent practice.

And I'm grateful that I did.

My relationship with my wife is better, I have more confidence now than I can ever remember, and my path forward is clear and exciting.

Convinced? Doesn't matter, try it anyway. Commit to this every morning and night to get started, and slowly incorporate it throughout the day, during convos, when you're feeling overwhelmed, and during work. It's simple.

Do this for 5 minutes:

When this becomes easy, open your eyes and look around. Take in your environment: the colors, the sounds, the smells. Breath.

Now come back. What's happening? What's important? What's not? What's your next move? Move forward and conquer.

Now that you are calm and present, let’s get you a job!

Make a difference when applying to jobs with Cover Letters and Zap 🤖

A cover letter is by far one of the easiest things you can do to stand out on any job application, but 99% of people won't do it because it's too much work.

Writing a cover letter can be a daunting task, especially when you have to tailor it to each job you apply for.

You want to showcase your skills, experience, and personality, but you also don’t want to sound generic or boring.

How can you write a cover letter that stands out and gets you noticed by recruiters?

That’s where Zap Cover Letters comes in.

This is a free AI tool that can write your cover letters in minutes, using the same technology behind ChatGPT.

All you need to do is upload your resume and paste the job description and title of the job you want. Zap will then generate a customized and professional cover letter that matches your profile and the job requirements.

Using this tool you can create a compelling letter that highlights your strengths and achievements. It also adapts the tone, style, and format of your cover letter to suit the industry and company you are applying to.

Growing and standing out often requires putting in extra effort, but AI is here to make this process easier, we just have to remember that getting started is already moving forward.

The best way to discover life-changing opportunities is to network. Let’s do that now 👇

💡Community Highlight

Recognition for our Web3 Matters community members who are making a difference.

Meet Sprenko🙏

If you are searching for inner peace, want to improve as a person and take mental health seriously, you definitely need to connect with Sprenko.

Each interaction with Sprenko has brought new insight, expanded our minds, and left us feeling empowered and capable. And that’s not even to mention the support he gives on a daily basis is unmatched.

Connect with @sprenk0 on X for his weekly spaces on mental health and personal growth here 👇

Want to be featured in our next newsletter?

Join us for our next episode of Web3 Matters 👇

🔊Spaces Alpha

Every Friday at 3 pm EST / 7 pm UTC. 

Don't just sit and watch your crypto holdings lose value, learn DeFi and profit while you HODL.

Our special guests, Jake Call and BldrMetrics, will be giving us a Masterclass on Liquidity, and we couldn’t be more excited.

Jake is a DeFi veteran. He is consistently profitable and is creating tools with BldrMetrics to make Yield Farming easier and more accessible.

Check out the link below and set your reminders ✅

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe