Quais são as diferenças entre esses dois exemplos?

#!/usr/bin/perl
use warnings;
use 5.012;
my $str = "\x{263a}";


open my $tty, '>:encoding(utf8)', '/dev/tty' or die $!;
say $tty $str;
close $tty;

open $tty, '>:bytes', '/dev/tty' or die $!;
say $tty $str;
close $tty;

# -------------------------------------------------------

binmode STDOUT, ':encoding(utf8)' or die $!;
say $str;

binmode STDOUT, ':bytes' or die $!;
say $str;