Two layers.
First Layer black, solid color
Second Layer on top:
Ellipse select tool, fixed ratio 1:1, feathered edges
Bucket fill tool, foreground color fill
Invert selection
Supernova tool, color red, oncanvas control on like racer-x shows, play around with radius and spikes
Ellipse select tool; Select -> feather at about 200 (play around a bit), Select -> invert, clear
Ellipse select again, invert selection
Gaussian blur
made this:
![supernova.png](./download/file.php?id=41251&sid=c048282e28bbc7820ba099014500f8e3)
- supernova.png (75.29 KiB) Viewed 2955 times
I guess if you play around with some layers and different colors for the supernova effect you'll get the desired effect.