diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 2e2fe86b4e..bdbe550e68 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -6,6 +6,7 @@
 * [*] Fix merging of text blocks when text had active formatting (bold, italic, strike, link)
 * [***] Trash icon that is used to remove blocks is moved to the new menu reachable via ellipsis button in the block toolbar
 * [**] Block toolbar can now collapse when the block width is smaller than the toolbar content
+* [**] Creating undo levels less frequently
 
 1.28.0
 ------
diff --git a/gutenberg b/gutenberg
index a1cf84adbe..1e76458b50 160000
--- a/gutenberg
+++ b/gutenberg
@@ -1 +1 @@
-Subproject commit a1cf84adbe294c46e429650c3ad3255503608888
+Subproject commit 1e76458b50965120a4f58e73598b5103cee913fe