Infinite Sum :
$$S=\sum_{n=0}^{\infty}\frac{1}{2^{n}}\sum_{r=0}^{n}\frac{1}{2^{4r}}\binom{2r}{r}^2$$
This Sum could be said to be related to Moments of Elliptic Integrals as we have :
$$\int_{0}^{1}k^{2r}K'(k)dk=\frac{\pi^{2}}{4}\binom{2r}{r}^2\frac{1}{2^{4r}}$$
Where, $K(k)$ is the Complete Elliptical Integral of the First Kind and $K'(k)=K(k')$ with $k^2+k'^2=1$.
Using this one can arrive at the following Integral :
$$S=\frac{16}{\pi^{2}}\int_{0}^{1}\frac{K'(k)}{2-k^{2}}dk$$
or the Equivalent using Quadratic Transformation: $$S=\frac{32}{\pi^{2}}\int_{0}^{1}K(k)\left(\frac{1+k}{k^{2}+6k+1}\right)dk$$
But I have been unable to evaluate any of these Integrals.
I suspect it might have a closed form as does its similar cousin :
$$\sum_{n=0}^{\infty}\frac{1}{\left(2n+1\right)^{2}}\sum_{r=0}^{n}\frac{1}{2^{4r}}\binom{2r}{r}^{2}=\frac{7}{2}\frac{\zeta(3)}{\pi}$$
EDIT: After Inputting the Value into Wolfram we get this :
$$S=\frac{1}{\pi\sqrt{\pi}}\Gamma\left(\frac{1}{4}\right)^2$$