Of bad news. Those of you using inferior or integrated graphics need to turn down EVERYTHING to minimum. Then slowly adjust settings until you get back to normalish.
I'm suspecting some graphical doodads were added that borked things.
Also welcome to F2P hell. Devs no longer seem to give a damn about fixing their broken MMOs, but will happily keep demanding monthly payment for 'normal' gameplay.
Even on my nice rig that I custom-built, I still get some graphical issues in space with flickering backgrounds. Luckily I used the search feature and found some dev posts saying this was a known issue and no easy workaround to it so meh. Same deal with the glitchy/moving text at certain points (like doing the Academy Event while scanning particles). It happens but its cosmetic so not a huge priority to fix.
If the game isn't working for you, then something on your end may need to be updated or changed. MMOs get updated, gotta keep up or get left out >_<
And yes, Cryptic needs to fix their **** ASAP, but in the meantime update your stuff and clear out unnecessary programs while you're at it. Running some maintenance (CHKDSK/Defrag) doesn't hurt either.