A potential motion of ideal incompressible fluid with a free surface and infinite depth is considered in two-dimensional geometry. A time-dependent conformal mapping of the lower complex half-plane of the auxiliary complex variable $w$ into the area filled with fluid is performed with the real line of $w$ mapped into the free fluid's surface. The fluid dynamics can be fully characterized by the motion of the complex singularities in the analytical continuation of both the conformal mapping and the complex velocity. We consider the short branch cut approximation of the dynamics with the small parameter being the ratio of the length of the branch cut to the distance between its center and the real line of $w$. We found that the fluid dynamics in that approximation  is reduced to the complex Hopf equation for the complex velocity coupled with the complex transport equation for the conformal mapping. These equations are fully integrable by characteristics producing the infinite family of solutions, including the pairs of moving square root branch points. The solutions are compared with the simulations of the fully nonlinear Eulerian dynamics giving excellent agreement even when the small parameter approaches about one. We also analyze the dynamics of singularities and finite time blowup of Constantin-Lax-Majda equation which corresponds to non-potential effective motion of non-viscous fluid with competing convection and vorticity stretching terms. A family of exact solutions is found together with the different types of complex singularities approaching the real line in finite times.