What are the differences between MD5 binary mode and text mode?

‘-b’ ‘--binary’

• Treat each input file as binary, by reading it in binary mode and
  outputting a ‘*’ flag. This is the inverse of --text. On systems like GNU that do not distinguish between binary and text files, this
  option merely flags each input mode as binary: the MD5 checksum is
  unaffected. This option is the default on systems like MS-DOS that
  distinguish between binary and text files, except for reading
  standard input when standard input is a terminal.

‘-t’ ‘--text’

• Treat each input file as text, by reading it in text mode and outputting a ‘ ’ flag. This is the inverse of --binary. This option is the default on systems like GNU that do not distinguish between binary and text files. On other systems, it is the default for reading standard input when standard input is a terminal. This mode is never defaulted to if --tag is used.