Usually I see the first one being used. These operators are usually at the very beginning of the source file, making it easy to see what a particular file is using. It also allows you to easily see the start of a new code, as the namespace signals new material.
Another way is a little less easy to follow from an organizational point of view. The only advantage is that you can have different using statements in two different namespaces in the same file, but using two namespaces in the same place like this is bad coding practice, so it should be avoided.
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