You are not dense, just frustrated.
Essentially, the Weekly Community Digest is asking for you to update your status in the form of "Working on a new IoT project", "Burnt the pancakes", "Taking the kids to school", etc. While this is not mandatory and can be disregarded if needed, it seems that if you want to update status, the link itself takes you to a generic Community News page if you had not previously logged in.
1. Login: https://community.cypress.com/ (top right corner of the browser)
2. Click here: Update your status
This should work. Let me know if it still gives you problems.