diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 2808c8a9bb..fe33c5ee44 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -36,7 +36,6 @@ Unreleased
 ------
 * [*] iOS: Fixes frozen editor scrolling in landscape on iPhone [https://github.com/wordpress-mobile/gutenberg-mobile/pull/3504]
 * [*] Add Reusable blocks to the inserter menu (https://github.com/wordpress-mobile/gutenberg-mobile/pull/3054]
-* [*] Generic Embed Block placeholder UI [https://github.com/wordpress-mobile/gutenberg-mobile/pull/3346]
 * [*] Fixes color picker segmented control rendering and scrolling issues [https://github.com/wordpress-mobile/gutenberg-mobile/pull/3394]
 
 1.52.2
diff --git a/gutenberg b/gutenberg
index d527b54313..8567be7886 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit d527b54313e28f44d899277f667bc5602d1b0805
+Subproject commit 8567be78868cd6d89d94e04948f585de8bd41cf0