I hope you are well today and thank you for your questions.
Is it possible to remove the pencil icon next to the blog post title?
You can try removing it as described below.
I’d also like to add extra space under the related posts at the bottom of a pos. Is this possible?
Could you please share the page URL from your site where it is displaying and tell me exactly where you want to add extra space so that I can help you to achieve it?