A similar, modern app often used for simple recording and digitizing tasks, available on Softonic .
If you are looking for that classic "Cool Edit" feel without the risk of downloading malware-laden "cracks," here are your best options:
A free, open-source classic. If you liked the "destructive" waveform editing of Cool Edit, Audacity is the closest free equivalent.
What made Cool Edit Pro special was its "destructive" waveform editing. While that sounds scary, it allowed for surgical precision when cleaning up audio.