Proof by means of the induction principle:
\[\sum_{k=1}^{n}\left ( 2^ksin^2\left ( \frac{x}{2^k} \right ) \right )^2=\left ( 2^n sin\left ( \frac{x}{2^n} \right )\right )^2-sin^2(x)\]
The sum holds for $n=1$:
\[\left ( 2sin\left ( \frac{x}{2} \right ) \right )^2-sin^2(x)= 4sin^2\left ( \frac{x}{2} \right )- 4sin^2\left ( \frac{x}{2} \right )cos^2\left ( \frac{x}{2} \right )\\\\ = 4sin^2\left ( \frac{x}{2} \right )- 4sin^2\left ( \frac{x}{2} \right )\left ( 1-sin^2\left ( \frac{x}{2} \right ) \right )=\left ( 2sin^2\left ( \frac{x}{2} \right ) \right )^2\]
Assume the equation holds for some $n>1$. Then it also holds for $n+1$, because:
\[\sum_{k=1}^{n+1}\left ( 2^ksin^2\left ( \frac{x}{2^k} \right ) \right )^2 =\left ( 2^nsin\left ( \frac{x}{2^n} \right ) \right )^2-sin^2(x)+\left ( 2^{n+1}sin^2\left ( \frac{x}{2^{n+1}} \right ) \right )^2\;\;\;\; (1).\]
Rewriting the first term on the RHS:
\[\left ( 2^nsin\left ( \frac{x}{2^n} \right ) \right )^2 =2^{2n}sin^2\left ( 2\cdot \frac{x}{2^{n+1}} \right )= 2^{2n+2}sin^2\left ( \frac{x}{2^{n+1}} \right )cos^2\left ( \frac{x}{2^{n+1}} \right )\\\\ =\left ( 2^{n+1} \right )^2sin^2\left ( \frac{x}{2^{n+1}} \right )\left ( 1-sin^2\left ( \frac{x}{2^{n+1}} \right ) \right ) \;\;\; (2).\]
Inserting $(2)$ into $(1)$:
\[ \sum_{k=1}^{n+1}\left ( 2^ksin^2\left ( \frac{x}{2^k} \right ) \right )^2 = \left ( 2^{n+1} \right )^2sin^2\left ( \frac{x}{2^{n+1}} \right )\left ( 1-sin^2\left ( \frac{x}{2^{n+1}} \right ) \right ) -sin^2(x)+\left ( 2^{n+1}sin^2\left ( \frac{x}{2^{n+1}} \right ) \right )^2\\\\=\left ( 2^{n+1}sin\left ( \frac{x}{2^{n+1}} \right ) \right )^2 - sin^2(x)+\left ( 2^{n+1}sin^2\left ( \frac{x}{2^{n+1}} \right ) \right )^2-\left ( 2^{n+1}sin^2\left ( \frac{x}{2^{n+1}} \right ) \right )^2 \\\\ =\left ( 2^{n+1}sin\left ( \frac{x}{2^{n+1}} \right ) \right )^2 - sin^2(x)\]
I´m sure, there is a more elegant way to prove the identity …